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Make a Gift
Charitable Gift Annuity -- Current
A charitable gift annuity is a type of life income gift that pays a fixed dollar amount for life in exchange for an irrevocable gift to the DFNC to assist the School of Dentistry. The minimum initial contribution is $5,000. The amount of income is determined by the donor's age (one-life annuity) or the donor's age and the age of another beneficiary (two-life annuity). The maximum rate of return on an annuity is 9.2 percent, which represents the rate received if the income beneficiary is 80 years old or more.
Gift Annuity Rates
| ONE-LIFE* |
TWO-LIFE* |
| AGE |
RATE OF RETURN |
AGE |
RATE OF RETURN |
| 50 |
5.8 |
50 |
5.8 |
| 55 |
6.1 |
55 |
6.1 |
| 60 |
6.6 |
60 |
6.6 |
| 65 |
7.0 |
65 |
7.0 |
| 70 |
7.5 |
70 |
7.5 |
| 75 |
8.2 |
75 |
8.2 |
| 80 |
9.2 |
80 |
9.2 |
*Current University rates -- subject to change.
A gift annuity qualifies for immediate income tax benefits. A portion of the gift is tax deductible as a charitable contribution, and a portion of the income received each year is tax-free. Furthermore, if a gift annuity is funded with long-term appreciated securities, the donor may also receive additional tax advantages. A portion of the capital gain on the appreciation is avoided. In addition, any reportable capital gain is spread over the donor's life expectancy rather than all in the same year.
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