Charitable Gift Annuity
Turn Your Generosity Into Lifetime Income
When you are looking for ways to further the mission of Albion College, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support Albion College while receiving fixed payments for life is a charitable gift annuity.
Not only does this type of gift provide you with regular payments and enable Albion College to prepare tomorrow's leaders and problem-solvers, but when you create a charitable gift annuity with Albion College, you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
- Contact Steve Oursler, CEP at 517/629-0897 or firstname.lastname@example.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Albion College.
- Seek the advice of your financial or legal advisor.
- If you include Albion College in your plans, please use our legal name and federal tax ID.
Legal Name: Albion College
Address: 611 East Porter Street, Albion, MI 49224
Federal Tax ID Number: Please contact us for our federal tax ID number.
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to Albion College but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 4.5 percent, which means that they will receive $900 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,129* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on annual payments and a 3.2 percent charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.