How a Charitable Gift Annuity Works
- You make a gift of cash or property (such as stock or appreciated securities) to Kent State University.
- 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.
- 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.