Strengthen Your Future With a Charitable Gift Annuity
Receive an Income for Life and Save on Taxes
The idea of a charitable gift annuity is not new; the
concept dates to 1843, when a Boston merchant donated money to the American
Bible Society for a flow of payments. Today, a charitable gift annuity
offers valuable tax benefits. But perhaps more valuable than the financial
advantages is the satisfaction of knowing YOU are helping students achieve
their dream of a Stetson education.
In exchange for an outright gift, Stetson agrees to pay you a
guaranteed income for life. Stetson will use your gift toward a
permanently endowed fund to support scholarships at the end of your
lifetime. The annuity payment amount will depend upon your age and the
value of the asset you donate.
Funding a gift annuity with highly appreciated assets such as stocks or
real estate also allows you to avoid capital gains and receive a tax
deduction while supporting a cause that is meaningful to you.
Annuity Rates
Most nonprofits, including Stetson, follow the rates recommended by the American Council on Gift Annuities below:
ANNUITY RATES: ONE RECIPIENT
|
Recipient's Age
|
Annuity Rate
|
|
65
|
5.7%
|
|
70
|
6.3%
|
|
75
|
7.0%
|
|
80
|
8.1%
|
|
85
|
9.1%
|
|
90+
|
10.1%
|
ANNUITY RATES: TWO RECIPIENTS
|
Same Age
|
Annuity Rate
|
Different Ages
|
Annuity Rate
|
|
65
|
5.0%
|
65/70
|
5.2%
|
|
70
|
5.5%
|
70/75
|
5.8%
|
|
75
|
6.2%
|
75/80
|
6.5%
|
|
80
|
6.9%
|
80/85
|
7.3%
|
|
85
|
8.1%
|
85/90
|
8.7%
|
|
90+
|
9.8%
|
90+
|
9.9%
|
*Rates confirmed by the American Council of Gift Annuities on November 17, 2023.
For a FREE illustration of what this might look like for you, please contact our office at 386-822-7461.
You may be tired of living at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life.
Charitable Gift Annuity
Stock or Cash
Gift Annuity
Donor
Stetson
Flowchart: Donor funds a charitable gift annuity with stock or cash. The donor receives fixed gift annuity payouts and the Stetson receives the remainder after all payouts have been made.
Benefits of a charitable gift annuity
- Receive fixed payments to you or another annuitant you designate for life
- Receive a charitable income tax deduction for the charitable gift portion of the annuity
- Benefit from payments that may be partially tax-free
- Further the charitable work of Stetson University with your gift
How a charitable gift annuity works
A charitable gift annuity is a contract between you and Stetson University.
- You transfer cash or property to Stetson University.
- In exchange, we sign an annuity contract and promise to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.
- You will receive a charitable income tax deduction for the gift portion of the annuity.
- You also receive satisfaction, knowing that you will be helping further our mission.
If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax. Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity.
Contact us
If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.
Additional Information
Current charitable gift annuity (payments begin within one year). With a current gift annuity, you may transfer cash or property in exchange for our promise to pay you fixed payments beginning as early as this year. You will receive an income tax charitable deduction this year for the value of your gift to Stetson University.
Deferred charitable gift annuity (for payments at future date). Perhaps you are not ready to begin receiving payments until a future date, such as when you retire. With a deferred gift annuity, you establish the gift annuity today, receive a charitable income tax deduction this year, but defer the payments until a designated date sometime in the future. Best of all, because you deferred the payments, your annual payment will be higher when the payments start than they would have been with a current gift annuity.
Flexible deferred charitable gift annuity (gives you flexibility as to when the payments will start). With a flexible deferred gift annuity, you retain the flexibility to decide when the annuity will begin making payments. As with a deferred gift annuity, you establish the annuity today and receive a charitable deduction this year, but the payments are deferred until such time as you elect to begin receiving the payments.
