In the midst of these economic challenges, charitably-minded people have some options to brighten their economic future. Please consider charitable planning strategies such as the Charitable Gift Annuity.
Union's Charitable Gift Annuity can provide:
- Guaranteed payments for your lifetime (and the lifetime of your spouse or the lifetime of a parent)
- Significant tax breaks
- Satisfaction in knowing that you're supporting an outstanding college
Sample Rate Chart for a $10,000 Charitable Gift Annuity on a Single Life
| Annuitant Age at Gift | Age 60 | Age 65 | Age 70 | Age 75 | Age 80 | Age 85 |
| Annuity Rate | 5.5% | 5.7% | 6.1% | 6.7% | 7.6% | 8.9% |
| Annual Payment | $550 | $570 | $610 | $670 | $760 | $890 |
| Charitable Deduction* | $2,686 | $3,341 | $3,898 | $4,415 | $4,909 | $5,370 |
*Deduction will vary slightly with changes in the IRS Discount Rate. Assumed rate is 4.0%
For a personalized illustration and more information please contact the Gift Planning Office at: 518 388-6156 or email: giftplanning@union.edu.