Charitable Education Term Annuity
If one of your goals is to establish a college fund for a child that will assist with offsetting the rising cost of higher education, you might consider establishing a Charitable Education Term Annuity. This planned gift option provides a student when he/she reaches college age with a fixed number of payments, usually over a four year period. Once the student has used the income to pay for tuition and/or associated college expenses, the remaining principal will benefit Shippensburg University through the SU Foundation, as determined by you, the donor.Charitable Education Term Annuity
Stock or Cash
College Annuity
Student
SU Foundation
How It Works
A charitable education term annuity is a contract between you and the Shippensburg University Foundation.
- You make a gift through the transfer of property (cash, securities, or other appreciated assets) to the SU Foundation.
- You will receive a charitable deduction for your gift.
- Beginning on a specified date in the future (when you expect the child to begin college), the SU Foundation begins to pay the child a fixed number of payments during the four year period.
- The principal passes to the SU Foundation to further its mission when the contract ends.