Posted on Oct 30, 2008

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.