A Gift That Pays You Back
If you’re looking for ways to support Western New England University and receive a steady stream of payments, a charitable gift annuity may be your answer. It is a simple contract between you and WNE. In exchange for a gift of $25,000 or more, WNE will provide guaranteed fixed payments to you for life.
Other benefits include the following:
- Generous annuity rates.
- Payments you receive are partially tax-free for a period of time.
- You receive a charitable deduction in the year of your gift.
- No tax on part of the capital gain if funded with an appreciated asset.
- You support WNE with a substantial gift.
How much income will I receive?
Based on a $25,000 gift amount for one person:
| Age | Annuity Rate | Annual Payment | Charitable Deduction |
|---|---|---|---|
| 65 | 5.7% | $1,425 | $8,802 |
| 70 | 6.3% | $1,575 | $9,378 |
| 75 | 7.0% | $1,750 | $10,379 |
| 80 | 8.1% | $2,025 | $11,353 |
| 85 | 9.1% | $2,275 | $13,246 |
Based on a $25,000 gift amount for two people:
| Age | Annuity Rate | Annual Payment | Charitable Deduction |
|---|---|---|---|
| 65/62 | 4.9% | $1,225 | $8,021 |
| 65/67 | 5.1% | $1,275 | $8,161 |
| 70/75 | 5.8% | $1,450 | $8,519 |
| 75/77 | 6.3% | $1,575 | $9,044 |
| 80/78 | 6.8% | $1,700 | $9,567 |
* Please note that this information is for illustrative purposes and is not intended as tax or legal advice. Rates are subject to change and are based on rates suggested by the American Council on Gift Annuities.
For further information, please visit: legacy.wne.edu/CGA.
To learn more, please contact: Dean Hickey, Vice President for Advancement at 413-796-2210 or email dean.hickey@wne.edu.
