Charitable Gift Annuity
In exchange for your irrevocable gift of cash, securities or other assets, Linfield College agrees to pay one or two annuitants a fixed sum annually for their lifetime(s). The annuity amount is based on the age of the annuitant(s); the older the annuitant(s), the greater the annuity payment.
|
Example
Summary of Benefits |
Assumptions:
Annuitant's age: 72
Principal donated: $25,000
Annuity rate: 6.7%
Payment schedule: Quarterly |
Benefits:
Charitable deduction: $10, 589
Annuity: $1,675
Tax-free portion: $993
Ordinary income: $682 |
After 14.5 years, the entire annuity becomes ordinary income.
Remainder: You will provide generous support to Linfield College to be used for the purpose you designate at the time the annuity contract is created.
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Charitable Gift Annuity Rates
Two lives -- joint and survivor |
|
Younger age |
Older age |
Rate |
|
60 |
61-62 |
4.7% |
|
65 |
66-70 |
5.0% |
|
70 |
70-71 |
5.2% |
|
75 |
75-76 |
5.6% |
|
80 |
81-83 |
6.3% |
|
85 |
86 |
7.1% |
|
90 |
91 |
8.4% |
|
93 and over |
93+ |
9.3% |
Single life
|
Age |
Rate |
|
60 |
5.0% |
|
65 |
5.3% |
|
70 |
5.7% |
|
75 |
6.3% |
|
80 |
7.1% |
|
85 |
8.1% |
|
90+ |
9.5% |
For further information on charitable planned giving, contact Craig Haisch '95, director of planned giving, by
email or at 503-883-2675.
This information provided on this website is not intended as legal, investment or tax advice. We strongly encourage you to contact your financial professionals when making a charitable contribution.