Planned Giving
Commuted Payment Gift Annuity
How It Works
- You transfer cash or securities to Indian River State College Foundation. Our suggested minimum gift requirement is $10000.
- Beginning on a specified date in the future, Indian River State College Foundation begins to pay you, or up to two annuitants you name, fixed annuity payments for a period of years that you determine.
- Beneficiaries are recommended to be at least 65 to begin receiving payments and must be at least 40 to fund the gift.
- The remaining balance passes to Indian River State College Foundation at the end of the term of years.
Benefits
- Commuting payments permits a higher annuity rate and generates a larger charitable deduction.
- You can target your annuity payments for the period of years when you need them, such as between retirement and when you are eligible for full Social Security benefits.
- The shorter the period of payments, the higher each payment will be.
Next
- More details on Commuted Payment Gift Annuities.
- Frequently asked questions on Commuted Payment 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.
