Pay it Forward with a Gift that Pays You Back
A charitable gift annuity allows a generous donor like you to receive a fixed payment for life in exchange for your contribution to Western New England University.
The amount you receive depends upon your age when you make your gift and does not change for the rest of your lifetime. Under a new law, you can now use your IRA QCD to fund a charitable gift annuity, once in your lifetime.
Some other benefits include:
- Highest annuity rates in years.
- Payments are partially tax-free for a period of time.
- You receive a charitable deduction in the year of your gift.
- You support the future of WNE.
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.
