Charitable Deferred 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.  The annuity payment commences at a time in the future as indicated by the donor.  The commencement date is flexible, allowing the annuitant to receive the most benefit from the income.

For example, Rick creates a CDGA to diversify his portfolio and create more retirement income.  He is hoping to retire in 12 years.  The gift annuity contract will have a flexible income start date not to commence prior to his retirement.  Should Rick's plans change, the income start date can be deferred allowing for greater income at a time when the income will be more beneficial to him.



Summary of benefits

Assumptions:
Annuitant's age: 55
Principal donated: $25,000
Charitable deduction: $7,268.75

Age of first payment	60	70
Annuity rate	6.8%	12.1%
Annuity income	$1,700	$3,025

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.

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.