Charitable Gift Annuities
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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, contact Gene Christian at gchristian@georgefox.edu or 503-554-2106. Financial and tax deduction calculations, customized gift plan proposals and counsel are available at no charge or obligation.
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