Charitable Gift Annuity

A charitable gift annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life, regardless of any stock market fluctuations. To establish a charitable gift annuity, a minimum investment of $25,000 is required.

Why Establish a Charitable Gift Annuity?

  • Receive a charitable income tax deduction for a portion of the annuity
  • Fixed payments sent to you, or another person you designate, for life
  • Annual payments may be partially tax-free
  • Make an impact in your area of interest at Kent State University
How a Charitable Gift Annuity Works
  1. You make a gift of cash or property (such as stock or appreciated securities) to Kent State University.
  2. We promise to pay fixed payments to you for life. The amount you will receive is dependent upon your age and a portion of each payment may be tax-free, especially if it is a cash gift.
  3. You will receive a charitable income tax deduction for a portion of the annuity and may also avoid a portion of capital gains taxes if your annuity is funded with appreciated stock.

Every person's situation is different. Please contact us to inquire about other assets you may use to fund a charitable gift annuity.

Types of Charitable Gift Annuities

Current Charitable Gift Annuity (Payments begin within one year)
Transfer cash or property in exchange for our promise to pay you fixed payments beginning as early as this year. You will receive an income tax charitable deduction this year for the value of your gift to Kent State University.

Deferred Charitable Gift Annuity (Payments begin at a future date)
This type of annuity allows you to delay payments until a future date, such as when you retire. When you establish the gift annuity, you receive a charitable income tax deduction this year, but defer payments until a future date you designate at the time the gift is made. This type of annuity is especially useful to those currently earning a high income, as you receive tax benefits from it now while deferring payments until a time when your income is less.

Flexible Deferred Charitable Gift Annuity (Gives you flexibility as to when the payments will start)
This type of annuity allows you flexibility as to when the annuity will begin making payments to you. As with a deferred gift annuity, you establish the annuity today and receive a charitable deduction this year, but the payments are deferred until  you elect to begin receiving them. If you are unsure when you will retire, this may be a good option for you.