Charitable Gift Annuity
Gifts That Pay You Income
There's a way for you to support Gonzaga University and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
This type of donation can provide you with regular payments and allow us to further our work. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 65, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
An Example of How It Works
Say that Robert, 75, and Helen, 73, want to make a contribution to Gonzaga University that will support our work for generations to come, but they also want to ensure that they have dependable income for the rest of their lives. They fund a $25,000* charitable gift annuity with Gonzaga University using appreciated stock that they originally purchased for $10,000. Based on their ages, they will receive a payment rate of 4.5%, which means that they will receive $1,125 each year for the remainder of their lives. They are also eligible for a federal income tax charitable deduction of $10,189** when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*The minimum amount needed to start a CGA at Gonzaga is $25,000.
**Based on a 2.0% percent charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
Not Sure How to Begin Planning?Download My FREE Personal Estate Planning Kit
- Contact Annette Davis or Elizabeth Kennedy at 800-388-0881 or email@example.com for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Gonzaga.
- Seek the advice of your financial or legal advisor.
- If you include Gonzaga in your plans, please use our legal name and federal tax ID.
Legal Name: The Corporation of Gonzaga University
Address: Gonzaga University, 502 East Boone Avenue, Spokane, WA 99258-0098
Federal Tax ID Number: 91-0236600
Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.View My Guide