Gift Annuities

Contact for Gift Annuities

Stephen Muzrall
Director of Major Gifts and Planned Giving

Phone: 617-879-2266

A gift annuity is a simple contract between a donor and the College. In return for a donor's contribution, Wheelock promises to pay the donor, or someone s/he names, a fixed and guaranteed rate of annual income. Rates are age-related and subject to change. Currently CGA's range from 4.4% for a 60 year old to 9% for a 90 year old donor.*

In addition to the potential for higher income, benefits include favorable capital gains tax implications, an immediate charitable income tax deduction, and reduced estate taxes for individuals with large estates.

A deferred payment gift annuity defers a donor's annuity income for a number of years. The longer a donor elects to defer receipt of income, the higher her or his guaranteed income rate will be.

What is a gift annuity?

A gift agreement with Wheelock that pays you a guaranteed annual income for life.

Why should I create a gift annuity?

To secure an income stream for life.

When should I create a gift annuity?

Best for those in retirement years.

What are the benefits?

  • A gift to Wheelock,
  • Variable income for life based on the market value of the gift,
  • Income tax charitable deduction, and
  • Reduced capital gains taxes on appreciated assets.

How is a gift annuity funded?

Typically funded with cash, appreciated securities, there is a $10,000 minimum gift to create an annuity fund.

*According to the American Council on Gift Annuities, March 2015.

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