It’s truly wonderful to make a difference in the lives of students in our community, while at the same time improving one’s own financial situation. That is possible with an Arcadia University gift annuity.
Gift annuities are a popular way to give, allowing our supporters the opportunity to make a difference at Arcadia and at the same time provide for their future financial security.
What are the financial benefits?
In exchange for your gift of $10,000 or more, you can make a positive impact at Arcadia and receive financial benefits, including:
- Secure fixed payments to you and/or a loved one for life
- A charitable deduction in the year of the gift
- A portion of each payment may be tax free
- Reduced capital gains taxes for gifts funded with appreciated assets
How does it work?
Most charitable gift annuities are funded with cash or appreciated securities that have been owned for at least one year. When you contribute securities, the annuity payments will probably exceed the dividends you might have been receiving.
While many people usually name themselves as beneficiaries, a relative or friend could be named as well. Married persons typically provide for payments to be made over both of their lifetimes.
The amount of the annual payments will depend on the amount transferred, the ages of the beneficiaries, and the time of the gift. Once the annuity is established, the payments will remain fixed, regardless of changes in the economy. This makes the gift annuity especially attractive to older donors who like the security of fixed, guaranteed payments.
Arcadia invests and manages your contribution, and at the end of your life the remainder is available to us to use where it is most needed or to support a program you care about.