Planned Giving
Flexible Gift Annuity
The flexible gift annuity offers the same tax and security benefits that a deferred payment gift annuity provides, but with more options.
How It Works
- You transfer cash or securities to Indian River State College Foundation. Our suggested minimum gift requirement is $10,000.
- You select a range of dates in the future (window) when you will want Indian River State College Foundation to begin paying you, or up to two annuitants you name, fixed annuity payments for life.
- During the payment window, you request the start of payments.
- Beneficiaries are recommended to be at least 40 to begin receiving payments and must be at least 65 to fund the gift.
- The remaining balance passes to Indian River State College Foundation when the contract ends.
Benefits
- Deferral of payments permits a higher annuity rate and generates a larger charitable deduction. The deduction is calculated based upon the first date in your window on which you could elect to start payments.
- You can target your annuity payments to begin when you need them, such as retirement.
- The longer you elect to defer payments, the higher your payment will be.
Next
- More details on Flexible Gift Annuities.
- Frequently asked questions on Flexible 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.
