Charitable Gift Annuities

Many donors enjoy the simplicity of the charitable gift annuity, a one page contract that provides a guaranteed, fixed income for life in exchange for a gift to the College. The donor makes gift of cash, securities or other marketable assets to the College valued at $25,000 or more. In return, the College pays the donor (and/or another beneficiary) a guaranteed fixed income for life by selling and reinvesting the assets. Payouts from the annuity can begin immediately or can be deferred for a period of time. Upon the death of the last beneficiary, the funds normally become part of the College's endowment. The rate of return is determined by the age and number of beneficiaries and the rate for gift annuities established by the American Council on Gift Annuities.

Benefits of a Charitable Annuity:

• You receive a charitable deduction on the portion of the transaction that is considered a gift.
• Part of the annual income is considered a tax-free return of capital, excluding it from your gross income until you reach your life expectancy.
• If you contribute appreciated securities, you will owe some capital gains tax for the sale portion of the transaction, but you spread the payments over your life expectancy.
• You have the security of knowing that your payments will remain the same, and are guaranteed by the full assets of the College.

Please be in touch if you think a gift annuity might be right for you. You may contact Mary Craig, at (828) 771-2052 or email her at mcraig@warren-wilson.edu. Your inquiry will be kept in confidence, and you will not be under any obligation to make a gift.