Over the years, many of our donors have chosen to support Trinity College by establishing a charitable gift annuity. In return for their gift, they receive a partial income tax charitable deduction and a fixed lifetime payment. Thanks to a recent change in payout rates, the charitable gift annuity is seeing renewed interest. Trinity can now offer you an even more generous annual payment.
With inflation on the rise you may be disappointed with your fixed income portfolio, and may be concerned about continuing market volatility. A gift annuity from Trinity can provide you with a regular stream of guaranteed payments while also allowing you to support Trinity in a meaningful way.
A charitable gift annuity is a simple agreement between you and Trinity in exchange for your contribution today. Gift annuities are easy to set up and the payments you receive are backed by the general resources of the college. You can direct lifetime payments for yourself or someone else, and you can name one or two recipients. You also receive an income tax deduction for the value of your charitable contribution.
Best of all, you will be making a generous contribution to support Trinity. It’s a win-win!
Under the old rates, if a 79-year-old donor transferred $25,000 in exchange for a charitable gift annuity, he or she would have received fixed annual payments of $1,550 , a rate of 6.2 percent. However, with the new rates that went into effect as of July 1, that gift would now provide fixed annual payments of $1,700, a rate of 6.8 percent. That’s an increase of $150 per year, nearly 10 percent.
To read more on charitable gift annuities and create your own personalized illustration, click here.
