Give the Gift that Pays you Back
When you create a Charitable Gift Annuity (CGA) with Western New England University (WNE) you receive fixed payments for life, while providing for future generations of students.
The amount you receive depends upon your age when you make your gift and will not change during your lifetime. Under a new law, you can now use your IRA QCD to fund a charitable gift annuity, once over the course of your life.
Some other benefits include:
- Generous annuity rates
- Fixed income for one or two annuitants
- 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 | 5.70% | $1,425 | $8,524 |
| 70 | 6.30% | $1,575 | $9,145 |
| 75 | 7.00% | $1,750 | $10,195 |
| 80 | 8.10% | $2,025 | $11,213 |
| 85 | 9.10% | $2,275 | $13,150 |
Based on a $25,000 gift amount for two people:
| Age | Annuity Rate | Annual Payment | Charitable Deduction |
|---|---|---|---|
| 62/25 | 4.90% | $1,225 | $7,680 |
| 65/67 | 5.10% | $1,275 | $7,844 |
| 70/75 | 5.80% | $1,450 | $8,259 |
| 75/77 | 6.30% | $1,575 | $8,823 |
| 78/80 | 6.80% | $1,700 | $9,378 |
*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 about CGAs and other creative ways to support WNE, please visit: legacy.wne.edu/CGA.
To discuss your options, please contact Dean Hickey, Vice President for Advancement at 413-796-2210 or dean.hickey@wne.edu.
