Clark University - Planned Giving Options
DEFERRED GIFT ANNUITY
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What
is a Deferred Gift Annuity?
A Deferred Gift Annuity is a simple contract between you
and a charity such as Clark University. In
exchange for an irrevocable gift, Clark agrees to make specified annual payments
for life to one or two annuitants. The older you are at the time of the gift,
and the longer the payments are deferred, the greater the fixed income we can
agree to pay.
When do the payments begin?
The payments begin more than one year after the date of the
annuity agreement. They are based on the original gift plus interest attributed
to that gift over the deferral period and on the age (s) of the annuitant (s) on
the date the payments start. Top
Sample
Comparison of Benefits
Deferred
Gift Annuity
Beneficiary
Age
|
60 |
| Principal
Donated |
$10,000.00 |
| Cost
Basis of Property
|
$10,000.00 |
BENEFITS
|
|
|
Gift
Annuity Age 60 |
Gift
Annuity Deferred to 65 |
Gift
Annuity Deferred to 70 |
|
Percentage Rate |
5.7 |
7.7% |
10.7% |
|
Charitable Deduction |
$2,566 |
$3,308 |
$4,170 |
|
Annual Payout (fixed) |
$570 |
$770 |
$1,070 |
*Assumes
3.4% discount rate as of 4/1/2008
These
calculations are for illustration purposes only
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