Charitable Gift Annuities
Charitable gift annuities through George Fox University can provide you with a reliable, consistent stream of income for life while also benefiting the ministry of George Fox. Gift annuities provide fixed payments for the life of one or two individuals. [Example]
Features
- Payout is fixed and never varies
- Payout rate based on age - older the recipient, higher the payout rate
- Portion of each payment may be tax free
- Income tax deduction available when annuity is established
- Capital gains, if applicable, are spread over the life of the annuitant
Variations
- Deferred gift annuity for retirement planning. [Example]
- Elective commencement date deferred annuity. [Example]
- College gift annuity for grandchild's college education. [Example]
- Installment payment gift annuity. [Example]
| Gift Annuity Rates (one life) |
Gift Annuity Rates (two lives) |
||
|---|---|---|---|
| Age | Rate | Age | Rate |
| 65 | 5.7% | 65, 65 | 5.4% |
| 70 | 6.1% | 70, 70 | 5.6% |
| 75 | 6.7% | 75, 75 | 6.0% |
| 80 | 7.6% | 80, 80 | 6.6% |
| 85 | 8.9% | 85, 85 | 7.4% |
| 90+ | 10.5% | 90+, 90+ | 8.7% |
For more information about charitable gift annuities, please contact Dave Adrian by e-mail at dadrian@georgefox.edu or phone at 503-554-2113. Financial and tax deduction calculations, customized gift plan proposals and counsel are available at no charge or obligation.
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