Charitable
Gift Annuity
Already retired? A charitable gift annuity (CGA) might be right for you.
Still dreaming of retirement? Explore deferred CGAs.
If Diane were to use cash to establish a gift annuity, she would receive the following:
>> Read a real-life example of a charitable gift annuity.
Already retired? A charitable gift annuity (CGA) might be right for you.
Still dreaming of retirement? Explore deferred CGAs.
A charitable gift annuity enables a donor to make a meaningful contribution to Northeastern while receiving fixed income for life, an immediate charitable tax deduction, and reduced capital gains tax. A gift of $10,000 or more is required to establish a CGA with Northeastern.
Benefits
| • | Fixed income for life |
| • | Immediate charitable tax deduction |
| • | Minimized capital gain tax |
| • | Reduced income, capital gain, and estate tax |
| • | Campaign credit for full amount of gift |
| • | Satisfaction of supporting Northeastern |
Example
If Diane were to use cash to establish a gift annuity, she would receive the following:
| Income Benefits: | ||
| Annuity Payments (fixed for life) | $1,675 | |
| Payout Rate (based on her age) | 6.7% | |
| Tax Benefits: | ||
| Immediate Charitable Deduction | $7,994 | |
| Breakdown of Annuity Payments: | ||
| Tax Free Portion | $1,070 | |
| Ordinary Income | $605 | |
| Total | $1,675 | |
>> Read a real-life example of a charitable gift annuity.