The Gift that Gives Back for Life
Your experience at Western New England University helped shape the path you are on today.
Now you can help open doors for the students who will follow you through a Charitable Gift Annuity (CGA) with Western New England University. Establishing a CGA allows you to support future Golden Bears while receiving fixed payments for life.
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 CGA once over the course of your life.
Some other benefits include:
- Generous annuity rates.
- Fixed income for one or two annuitants.
- Partial tax-free income on payments you receive.
- A charitable deduction in the year of your gift.
- Support for 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 |
|---|---|---|---|
| 62/65 | 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.
