A charitable gift annuity (CGA) is a great way to make this kind of philanthropic impact. This giving vehicle provides a fixed payment to you for the rest of your life, while also providing you with a current tax deduction. The rate you qualify for is based on your age. Payments can be made annually, quarterly or monthly, and a portion of your payment would also be tax free.
A CGA can be established with a gift of securities, property or cash. Other options, including a deferred CGA, are also available.
Investing today in the lives of our remarkable students can help transform them into tomorrow’s aeronautical engineers and pilots, frontline healthcare workers, community leaders, teachers, artists, fashion innovators, architects and more. This philanthropic impact would not only be an investment in the future of our students, but also in the future of the countless communities they will go on to positively impact and serve; by making a philanthropic impact on our students, you will help them make an impact around the globe.
For more information about using CGAs to support our students, please contact our Gift and Estate Planning team at 330-672-1000 or giftplan@kent.edu.