Charitable Gift Annuities
If you are interested in receiving a reliable source of income for life, a high rate of return based on your age, and a charitable income tax deduction, all while building a lasting legacy at Washington State University, then a Charitable Gift Annuity with the Washington State University Foundation may be right for you.
How a Charitable Gift Annuity Works
One Life |
Two Lives |
||
|
Age |
Rate |
Age |
Rate |
|
70 |
6.1% |
70/70 |
5.6% |
|
75 |
6.7% |
75/75 |
6.0% |
|
80 |
7.6% |
80/80 |
6.6% |
|
85 |
8.9% |
85/85 |
7.4% |
|
90+ |
10.5% |
90/90 |
8.7% |
American Council on Gift Annuities. Rates effective
through 6/30/09.
Attention California residents: Payments made under a
Charitable Gift Annuity are subject to regulation by the
California Insurance Department but are not insured or
otherwise guaranteed by the California Life Insurance
Guaranty Association.
Using the chart above, consider the following example: A couple (both 75) funds a Charitable Gift Annuity with the WSU Foundation using $50,000 in cash or securities. The WSU Foundation promises to pay the couple 6.0% of the principal, which is $3,000 per year during their lifetimes. When the last beneficiary dies, the gift annuity terminates, and WSU uses the remaining funds for the purpose specified by the couple in the Gift Use Agreement.