Immediate Charitable Gift Annuity
A charitable gift annuity is a contract between you and the Texas A&M Foundation. In exchange for a gift of cash or securities, the Foundation agrees to make fixed payments for the lifetime(s) of one or two individuals. When the gift annuity terminates, the Foundation uses the remainder to benefit Texas A&M as you wish. Annuitants must be at least 50 years old when payments begin, and the minimum amount to create a gift annuity is $10,000.
- Immediate charitable income tax deduction. A portion of each payment may be tax-free for a period of time.
- Reduces capital gains taxes on securities used to fund the gift.
- One or two individuals receive fixed payments for life.
- Payout rates are based on age. The older the beneficiary, the higher the rate.