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There's a way to support the University of Nebraska while providing a dependable income stream for you or someone you designate. You can do this with a charitable gift annuity.
With a charitable gift annuity you agree to make a gift to the University of Nebraska and in return you or someone you designate receives a fixed amount annually for life. You can designate the remainder to provide support for an area of campus that is meaningful to you. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction if you itemize.
Payments are determined based on the age of the income recipient at the time the gift is made. For income recipients younger than age 60, we recommend exploring a deferred gift annuity. To learn more about this option download this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.
Dennis, 75, and Mary, 73, want to make a contribution to the University of Nebraska but they also want to ensure that they have dependable income during their retirement years. They fund a $25,000 charitable gift annuity with appreciated stock that they originally purchased for $10,000.
Based on their ages, they will receive a payment rate of 6.0%, which means that they will receive $1,500 each year for the remainder of their lives. They are also eligible for a federal income tax charitable deduction of $8,792* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to help the University of Nebraska change lives and save lives.
*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Input a few details and see how a charitable gift annuity can benefit you.
Learn more about the many benefits of a charitable gift annuity in our FREE guide Charitable Gift Annuities: Gifts That Give Back.
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