Planned Giving
Charitable Gift Annuity
With a charitable gift annuity, you can make a gift and receive fixed payments for life.
How It Works
- You transfer cash or securities. If you are 70 ½ or older, you can make a one-time, tax-free qualified charitable distribution of up to $53,000 from your IRA to fund a CGA.
- Our minimum gift requirement is $10,000.
- You, yourself and a spouse, or any two beneficiaries you name, will receive fixed payments for life.
- Beneficiaries are recommended to be at least 65 years of age at the time of the gift.
- The remaining balance passes to Indian River State College Foundation when the contract ends.
- You can also create a life income gift through your IRA. Discover more here.
Benefits
- Receive dependable payments for yourself or loved ones - see today’s rates.
- Payments never change.
- A portion of your gift is tax-deductible, if you itemize.
- If you create a gift annuity using appreciated stock or mutual fund shares you may also save on capital gains taxes.
- A portion of your annuity payment will be tax-free for a number of years.
- Are you a younger donor? Consider a deferred gift annuity.
Next
- More detail on Gift Annuities.
- Frequently asked questions on Gift Annuities.
- Contact us so we can assist you through every step.
Create a Lasting Legacy
Philanthropic planning is a powerful mechanism for meeting personal estate planning objectives while making a meaningful impact on the College’s initiatives and mission. At Indian River State College, we welcome the opportunity to work with estate planners to ensure that your clients find the charitable arrangements that best meet their needs.
Estate-planning options can achieve significant tax benefits while furthering a client’s philanthropic goals:
- Gifts through a will or trust
- Charitable trusts and gift annuities
- Donation of stocks and mutual funds
If your client has already included or intends to include Indian River State College in their will or estate plan, or if you would like someone from IRSC Institutional Advancement to contact you to discuss how to support IRSC as part of their estate planning strategy, please contact us.
