Charitable Gift Annuities
(Gift example*)
You hold a stock portfolio that has appreciated well but
only pays you 2% income per year. You are now 70, and you are concerned that if you sell some of the stock to reinvest
in bonds, capital gains taxes will cut heavily into the proceeds. You want
to make a gift of $50,000 to the University of Connecticut Foundation, but you need the income that
your portfolio provides you.
You are looking for a gift plan that will continue this income
and increase it, if possible.
Here's a summary of the income and tax benefits from this
gift annuity:
Donor
(Age 70) |
|
Amount contributed
(stock) |
$50,000 |
Cost basis |
$20,000 |
Gift annuity rate |
6.1% |
Annual payments |
$3,050 |
Tax-Free portion |
$756 |
Charitable deduction |
$19,940 |
Click here to calculate the
benefits a gift annuity would give you.
|
Note: The Charitable
Gift Annuity is not the only gift plan that pays you lifetime income. Compare its
benefits with those of the annuity trust and the unitrust. |
*This example
is based on a factor that changes monthly. Contact our office for a personal
illustration based on the latest rates. |
For more information
Email us, complete the personal illustration form, or call us at 860.486.6135 so that we can assist you through every step of the process.
Hal C. Reed, JD, CFRE
Assistant Vice President for Planned Giving
The University of Connecticut Foundation, Inc.
Storrs, CT 06269-3206
Telephone: 860.486.6135
Toll-free: 800.269.9965, Extension 6135
Facsimile: 860.486.1615
E-Mail: hreed@foundation.uconn.edu
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