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The Gift Annuity: New Higher Rates Mean More Income for You
When you establish a charitable gift annuity to support Colgate, you can receive both a stream of income and income-tax savings. The payment rates for gift annuities are generally higher than the interest rates paid on fixed investments such as certificates of deposit. This is good news for those who want to make a significant charitable gift but who need to retain cash flow from their donated assets.
Request our guide, Most Popular Questions About the Gift Annuity, for what you need to know before you make an immediate or deferred payment gift annuity.
What Exactly Is a Charitable Gift Annuity?
A gift annuity is simply a contract between a donor and Colgate. In exchange for a gift of a specified amount, the University agrees to make specified annual payments for life to one or two beneficiaries (annuitants). Those payments are backed by all of Colgate's assets, so you can depend on them.
Gift Spotlight: Tom, 70, makes a gift of $50,000 to Colgate. In return, we promise to pay Tom an annuity rate of 5.9% or $2,950 per year for as long as he lives. |
