George Fox University | Office of Development | Estate and Planned Giving | Charitable Gift Annuities

Charitable Gift Annuities

Charitable Gift Annuities

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 6.0 65, 65 5.6
70 6.5 70, 70 5.9
80 8.0 80, 80 6.9
90+ 11.3 90+, 90+ 9.3

For more information about charitable gift annuities, contact Al Zimmerman at azimmerman@georgefox.edu or 503-554-2106. Financial and tax deduction calculations, customized gift plan proposals and counsel are available at no charge or obligation.

This page was last updated 3-29-2008 13:27:05.
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