Travel Advisory for Oct. 12 Info Session

A closure of Washington Street (Route 9) between Pearl Street and High Street in Brookline may affect those traveling from West of Boston to our Monday, Oct. 12 Undergraduate Information Session.

Get details about the road closure plan

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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