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Gifts That Pay You IncomeCharitable Gift Annuities

You may be tired of living at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity is a gift made to the University of Indianapolis that can provide you with a secure source of fixed payments for life!

Benefits of a charitable gift annuity

• Receive fixed payments to you or another annuitant you designate for life
• Receive a charitable income tax deduction for the charitable gift portion of the annuity
• Benefit from immediate payments
• A portion of each payment is usually tax-free
• Further the charitable work of the University of Indianapolis with your gift

How a charitable gift annuity works

A charitable gift annuity is a contract between you and the University of Indianapolis.

1. You transfer cash or property to the University of Indianapolis.
2. In exchange, we sign an annuity contract and promise to pay fixed payments to you for life.
3. The annuity rate is based on your age.
4. You will receive a charitable income tax deduction for the gift portion of the annuity.
5. You also receive satisfaction, knowing that you will be helping further our educational mission.

Ways to Fund a Charitable Gift Annuity

Cash

If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free.

Appreciated Property

You may avoid a portion of the capital gains tax by funding a charitable gift annuity with appreciated property.

• Publicly traded stock
• Closely Held Stock
• Real Estate

IRA Distribution

You must be 70½ years of age and have a traditional IRA

Types of Charitable Gift Annuities

Deferred Charitable Gift Annuity

Best for people 55 to 65 that do not need income right away or those 65 and older who do not want immediate income and want a higher income. The longer the deferral, the higher the annuity rate.

Flexible Deferred Charitable Gift Annuity

Best if you do not need income right away and want some flexibility as to when that income begins. With a flexible deferred gift annuity, you retain the flexibility to decide when the annuity will begin making payments. As with a deferred gift annuity, you establish the annuity today and receive a charitable deduction this year, but the payments are deferred until such time as you elect to begin receiving the payments.

IRA Rollover Charitable Gift Annuity

You must be 70½ years of age and have a traditional IRA.

Calculate the benefits of a charitable gift annuity

Next Steps:

Contact UIndy's Office of Gift Planning at 317-791-2553 or [email protected] for additional information on charitable gift annuities or to speak with Darcy about which life income gift is right for you.

The the University of Indianapolis does not currently offer Charitable Gift Annuities to residents of Alabama, California, New Jersey, New York, North Dakota, Tennessee, or Washington.
Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.