Charitable Gift Annuities – A Gift that Gives Back
Charitable gift annuities provide support for the university and a secured income stream for your lifetime. Depending on your age, this income can be tax free. An annuity is an agreement where you make an irrevocable payment in return for a guaranteed lifetime income, most or all of which is non-taxable.
For alumni and friends of
A) Commercial Charitable Gift Annuities: Part of your total contribution is used to purchase an annuity from a licensed insurance company. You receive fixed guaranteed payments for life with a portion of this income tax-free depending on your age, and
In both scenarios, probate costs associated with a charitable bequest are avoided and your gift can be designated to a priority at
For more information on gifts of charitable annuities, please contact Louise Yearwood, Executive Director, Alumni Affairs & Advancement, at the address below, by email at firstname.lastname@example.org or by telephone at (416) 585-4501 or 1-888-262-9775.
This information is general in nature and does not constitute legal or financial advice, and should not be relied upon as a substitute for professional advice. We strongly encourage you to seek professional legal, estate planning and/or financial advice before deciding on your course of action.