Posted on Apr 30, 2009

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 Union's 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 $20,000 Charitable Gift Annuity for one person

Annuitant

Age at Gift

 

Annuity Rate

Charitable Deduction*

 

Annual Payment

65

5.3%

$6,625

$1,060

70

5.7%

$7,818

$1,140

75

6.3%

$8,976

$1,260

80

7.1%

$10,150

$1,420

85

8.1%

$11,367

$1,620

90

9.5%

$12,437

$1,900

     *Deduction will vary slightly with changes in the IRS Discount Rate.  Assumed rate is 3.4%

For a personalized illustration and more information please contact:

Gift Planning Office 

(518) 388-6156

giftplanning@union.edu