Charitable Gift Annuity—Immediate Payment
How It Works
- Transfer cash or marketable securities to Colgate
- Colgate guarantees to make lifetime payments for up to two annuitants
Benefits
- Guaranteed payments for life that are favorably taxed
1. When gift is funded with cash, part of payment will be tax-free
2. When gift is funded with appreciated long-term securities, part will be taxed as capital gain,
part will be tax-free, and part will be taxed as ordinary income - Federal income-tax deduction for a portion of your gift
- Gift will provide generous support for Colgate
* The information contained herein is offered for general informational and educational purposes. The figures cited are accurate at the time of writing. State law may affect the results illustrated. This is not legal advice. Any prospective donor should seek the advice of a qualified estate and/or tax professional to determine the consequences of their gift. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association.
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The discussion herein is general in nature and may not apply to all individuals. Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to Colgate. We would be pleased to discuss, in confidence, ways in which you may support Colgate. These measures may also have an impact on your estate planning.
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