Charity Gift Annuity


Simply stated, the concept is “Give the tree, keep the fruit.” Through this plans you donate assets and receive:

  • income for life
  • a charitable deduction for a portion of the value of the assets
  • favorable capital gain treatment
  • freedom from the responsibility of investing those assets
  • satisfaction in helping now to assure Maryville’s mission for fuure generations

You can receive a guaranteed annual annuity for the rest of your life when you create a Maryville University Charitable Gift Annuity with cash or long-term appreciated securities. Such a life income arrangement is a simple contract between you and Maryville University, and it obligates Maryville to provide you a guaranteed fixed annuity for the rest of your life. You can also name another person, such as your spouse, to be an annuity beneficiary.

The rate of return is based on your age at the time you establish the gift annuity. The older you are when you establish the gift annuity, the higher the rate of return Maryville will provide you.

A portion of the annuity payments you receive will be tax-free for the period of time that is considered to be your life expectancy.

When you establish a gift annuity, you can take an immediate income tax charitable deduction.

How a Maryville University Charitable Gift Annuity Works:

Mary Katherine O’Malley, age 70, establishes a Maryville gift annuity with a cash gift of $10,000. Mary Katherine will receive $570 for the rest of her life. Of this amount she receives, $419 will be tax-free for the first 15.9 years. Mary Katherine is entitled to an income tax charitable deduction of $3,328.

Sample Gift Annuity Rates

One Life

Two Lives

Age

Rate

Ages

Rate

65

5.3%

65/65

4.9%

70

5.7%

70/70

5.2%

75

6.3%

75/75

5.6%

80

7.1%

80/80

6.1%

85

8.1%

85/85

7.0%

90

9.5%

90/90

8.3%

95/95

9.3%

The minimum amount required for a Maryville University Charitable Gift Annuity is $5,000.

Maryville University also offers deferred-payment gift annuities that can provide an immediate income tax charitable deduction while deferring the annuity payments for at least one year. The minimum amount required for a deferred annuity is $5,000.

For more information, contact Mark R. Roock, CFRE, Director of Development, at 314.529.9674 or 1.800.627.9855, ext. 9674 or mroock@maryville.edu.  You should consult your own professional advisors before making a charitable gift.


Back to Top