Charitable Gift Annuities
A charitable gift annuity is a simple contract in which you make a gift to Boston College and you—or other beneficiaries you name—receive fixed payments for life.
How It Works
In exchange for cash or securities, you and/or your beneficiary will receive fixed income, backed by the assets of the University. At the passing of your named beneficiaries, ÃÛÌÒ´«Ã½ will receive the remainder of the gift.
If you don't need income now, you can defer payments until a later date. A deferred gift annuity allows you to receive immediate tax benefits and build up resources for your future, which results in a larger income stream for you. If you are not sure when you would like to start receiving payments, you can choose from a determined time range by setting up a flexible deferred gift annuity. Whatever you decide, your income will be taxed at a favorable blended rate.
Your gift annuity payment amount is based on you and/or your beneficiary's age, when your payments start, and the size of the gift. You also may be eligible to claim a charitable income tax deduction in the year in which you make your gift.
The minimum amount to establish a gift annuity is $25,000.
Alternatively, you can fund a CGA through your estate to provide fixed income to your named beneficiaries after your passing. In addition to providing income to your heirs, a testamentary CGA can reduce your estate taxes.
Did you know that if you are 70 1/2 or older, you can also Ìýmake a one-time tax-free Qualified Charitable Distribution (QCD)ÌýfromÌýyourÌýIRAÌýin exchange for a CGA.Ìý ClickÌýhereÌýto learn more.
Next Steps
- Contact the Office of Gift Planning to start the process, ask questions, and get personalized calculations.
- Try our gift calculator to understand your options.
ÃÛÌÒ´«Ã½â€™s legal name, address and tax ID:
The ÃÛÌÒ´«Ã½
140 Commonwealth Avenue
Chestnut Hill, MA 02467
Tax ID 04-2103545
AT A GLANCE
WHO
- Age 60+ (younger if you defer payments)
WHAT
- Cash
- Securities
WHEN
- Now and after death
WHY
- Receive fixed, secure income payments for life
- Supplement retirement income
- Receive a charitable deduction
- Reduce capital gains tax
- Save on gift and estate taxes
- Support the future of ÃÛÌÒ´«Ã½ at a level you didn’t think was possible
- Become a member of the Shaw Society
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How Can We Help?Ìý
We're here to partner with you if you have any questions. Feel free to reach out to us directly or fill out the form.