Benefit from new, increased gift annuity payout rates

Find out how you can support Duke with a gift that pays you back

Did you know you can receive an income by making a gift to charity? The American Council on Gift Annuities recently announced an increase in gift annuity payout rates beginning July 1, 2018, which provides an opportunity for greater payouts to you or your loved ones both now and in the future.

Establish a charitable gift annuity (CGA) at Duke with a gift of $10,000 or more to take advantage of higher payout rates and receive a fixed income for life. With a CGA, you will also receive a charitable income tax deduction and other tax-saving opportunities while sustaining the Duke areas and programs you care about most. You can fund your CGA with cash and/or securities.

Duke offers three CGA options that can provide income during your lifetime:

  1. An immediate payment CGA provides payouts to you and/or your loved ones shortly after you establish it. This option provides current income tax deductions, and payments may be made by direct deposit to your bank account.
  2. A deferred CGA may be the right fit for a donor who does not need additional income currently, but who is looking for a strategic way to increase income in the future. You choose a specific date in the future to begin receiving annuity payments, such as one year from now, five years or a later date. This deferral results in an increase in the annuity rate and an increased income tax deduction.
*Sample ages and rates for couples making a gift annuity together.

3.A flexible CGA offers more options to defer payments and increase your lifetime income. You choose between a range of possible dates on which payments to you may begin. The longer you defer payouts, the larger your lifetime payments will be.

Our team of charitable planned giving experts can provide personalized illustrations of the estimated tax deductions and gift annuity payout rates currently available, based on your age, anticipated gift amount and the date you would like to begin receiving gift annuity payments. Try our gift calculator today or contact a member of our team for your personalized illustration.

TAGS: charitable gift annuity CGA rate increase

About the author

Jeremy Arkin

jeremy.arkin@duke.edu

With more than 15 years of experience in gift planning and development, Jeremy helps alumni find ways to support Duke that complement their larger personal and financial goals. He understands the ins and outs of giving techniques that involve tax, retirement and estate planning. He also develops strategies for donating complex assets such as real estate and private business interests. When he’s not at work, Jeremy attempts to channel Ron Carter and Ray Brown while playing his double bass.