Deferred Gift Annuity
Start Receiving Larger Payments at a later date with a Deferred Charitable Gift Annuity.Perhaps you are not ready to begin receiving income until a future date, such as when you retire. You can establish a deferred gift annuity, receive a current charitable income tax deduction at the time of your gift and receive income payments at a designated future time. Best of all, because you deferred your payments, your annual payment will be higher than with a current annuity. You will receive a current income tax charitable deduction for the value of your gift to our organization.
How it Works
A deferred charitable gift annuity is a contract between you and Shippensburg University Foundation.
- You transfer property to us. In exchange we pay you fixed income for life beginning at a designated future time.
- The fixed income can be quite high depending on your age and because you deferred your payments, your annual payment will be higher than with a current charitable gift annuity
- A portion of your income stream may even be tax-free. You will receive a charitable deduction for your gift and the satisfaction of furthering our mission.
Types of Assets You May Give
- If you decide to fund your gift annuity with cash, a significant portion of the annuity income will be tax-free.
- You may make a gift of your appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.