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Charitable Gift Annuity

Are you looking for a secure source of fixed income for now or your future? You may be tired of living at the mercy of the fluctuating stock and real estate markets. One solution is a charitable gift annuity.

Charitable Gift Annuity
Stock or Cash
Gift Annuity
Donor
UNCG
Charity image

How it Works

A charitable gift annuity is a contract between you and The UNCG Excellence Foundation, Inc.

  1. Gift assets to UNCG. [minimum initial value $25,000; $5,000 additional CGAs allowed]
  2. Receive a fixed income for life for 1 or 2 people with a significant portion of each payment tax-free!
  3. Your income is guaranteed by the assets of The UNCG Excellence Foundation.
  4. Get a substantial income tax deduction in the year of your gift.
  5. At the end of your life or lives, the remaining funds will be used as you have designated to further our educational mission at UNCG.

Types of Assets You May Give

  • If you decide to fund your gift annuity with cash, a significant portion of the annuity income will be tax-free.
  • You may make a gift of your appreciated securities or appreciated real estate to fund a gift annuity and avoid a portion of the capital gains tax.

Start Receiving Payments Now with a Current Gift Annuity

If you desire current income, you may transfer property in exchange for a guarantee from The UNCG Excellence Foundation, Inc. to pay you fixed income for the rest of your life. You will receive a substantial current income tax charitable deduction for the value of your gift to UNCG. The rate used to determine your payment is based on your age, or your age along with the age of another person. For example for a 60 year old the rate is 4.4% and for two 60 year olds it is 3.9%. Our highest rates are 7.6% for an 84+ year old and 7.2% for two people, age 87+ . Please contact us for information on these attractive rates or to request an example customize for you, illustrating your specific benefits.

Increase the Rate by Deferring the Payment until Retirement

Perhaps you are not ready to begin receiving income until a future date, such as when you retire. You can establish a deferred gift annuity, receive a current charitable income tax deduction and receive payments at a designated future time. Best of all, because you deferred your payments, your annual payment will be higher than with a current annuity. See additional rate information. Contact us about options for your future income.

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