Charitable Gift Annuity

Are you tired of living at the mercy of the fluctuating stock and real estate markets? A charitable gift annuity is a gift made to Purdue that can provide you with a secure source of fixed payments for life.

How you benefit

  • You receive fixed payments to you, or another annuitant you designate, for life
  • You receive a charitable income tax deduction for the charitable gift portion of the annuity
  • You benefit from payments that may be partially tax-free

How it works

You transfer cash or property to Purdue. In exchange, we promise to pay fixed payments to you for life. The payment is dependent on your age, and a portion of each payment may even be tax-free. You will receive a charitable income tax deduction for the gift portion of the annuity.

If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also avoid a portion of the capital-gains tax by making a gift of appreciated securities to fund a gift annuity.

Questions?

Contact the Office of Planned Giving at 765-494-2727 or plangift@prf.org.

Additional information

There are different types of charitable gift annuities:

  • With a current charitable gift annuity, payments begin within one year. You may transfer cash or property in exchange for our promise to pay you fixed payments. You will receive an income tax charitable deduction this year for the value of your gift to Purdue.
  • With a deferred charitable gift annuity, payments begin at a future date when you are ready to begin receiving payments, such as when you retire. You establish the gift annuity today, receive a charitable income tax deduction this year, but defer the payments until a designated future date. Best of all, because you deferred the payments, your annual payment will be higher when the payments begin than it would have been with a current gift annuity.
  • With a flexible deferred charitable gift annuity, you have flexibility in deciding when payments will begin. As with a deferred gift annuity, you establish the annuity today and receive a charitable deduction this year, but the payments are deferred until such time as you elect to begin receiving the payments.