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Charitable Gift Annuity

A charitable gift annuity is a way to make a gift to Georgian Court University, and still receive an income for yourself or others. It is a contract under which Georgian Court, in return for a transfer of cash or other property, agrees to pay a fixed sum of money to the donor or other designee for a period measured by one or two lives. Payments from a charitable gift annuity are fixed from the outset. They will neither increase or decrease, whatever happen to interest rates or the stock market. Georgian Court is contractually obligated to make the payments.

Taxpayers who itemize deductions can claim a charitable deduction for a portion of the original gift. This deduction can result in significant income tax savings.

A charitable gift annuity is a gift that benefits you immediately. For example, with a minimum contribution of $10,000, you will receive*:

Annuitant age at gift

Age 70

Age 75

Age 80

Age 85

Age 90+

Annuity rate

5.10%

5.80%

6.80%

7.80%

9.00%

Annual payment

$510

$580

$680

$780

$900

Charitable deduction

$4,099

$4,577

$5,020

$5,659

$6,294

 

*Please note that these rates and information are based on the American Council of Gift Annuities tables as well as IRS Discount Rates as of March 2017. Rates and tables are subject to change on an annual basis.

We would be pleased to assist you at any time with a planned gift with a charitable gift annuity. Please contact us at 732.987.2247 or advancement@georgian.edu for more information or to request help in getting started.