Charitable Gift Annuities
The Charitable Gift
Annuity is a simple form of life-income gift that will pay you and/or someone
you choose a fixed income, part of which may be tax-free. In addition, you will
receive a generous charitable tax deduction and a reduction in gift and estate
taxes. Best of all, your gift will support advanced medical research,
education, and patient care at
• A charitable gift
annuity may be structured as either a one-life gift annuity in which you or
your designated beneficiary receive the income for life; or as a two-life gift
annuity that provides income to you and another beneficiary, such as your
spouse.
• The minimum amount
for a charitable gift annuity with
• The annuity rate for
which you, or you and your spouse/beneficiary, will qualify is calculated based
upon your age(s) at the time of the gift. The older you are, the higher the
annuity rate you will receive. NYU follows the rates established by the American Council on Gift Annuities.
• You will be entitled
to claim a charitable deduction on your income taxes in the year you establish
a CGA. The amount of your deduction is the present value of the charitable
portion of your gift, determined by your age(s) and the federal discount rate
in effect at the time you make your gift.
• A charitable gift
annuity may be established using cash or appreciated securities. If you use
securities, you may considerably reduce your capital gains tax liability.
• Upon termination of
the charitable gift annuity, the remaining principal will be used for the
general purposes of
For more detailed information about Charitable Gift Annuities, please contact
the planned giving staff at 212-404-3640 or 800-422-4483,
or by e-mail at plannedgiving@nyumc.org.
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