Charitable Gift Annuities

What is a charitable gift annuity?

A charitable gift annuity is a simple contract. In exchange for a gift of cash or stock, the Foundation will make fixed payments to you for your lifetime. After your annuity payments end, the remaining balance of your gift is used to support UM.

Example: Mark and Jane, ages 76 and 79, 
fund a $25,000 charitable gift annuity in October 2015.

Payout Rate 5.3%
Annual Payment to Mark and Jane $1,325
Tax-free Portion of Payment* $1,017.60
Estimated Charitable Income Tax Deduction $10,139.25
*Entire annuity payment becomes ordinary income after 14.6 years.

Why now?

Historically low interest rates result in a higher tax-free portion of your payment, making this an ideal time to fund a charitable gift annuity.  Act soon to lock in your rate and take advantage of the potential benefits.

Under the age of 65?

Defer your annuity payments and qualify for a higher payout rate.

Funding a charitable gift annuity may allow you to make a larger impact on higher education than you might have thought possible!

Contact us

For more information about charitable gift annuities, please call Nicole Rush, 406.243.6208, or visit SupportUM.org/GiftPlanning.

The Office of Gift Planning does not provide tax or legal advice. Please consult your legal and financial advisors to determine the benefits of charitable gift annuities to you.