Deferred Payment Gift Annuity
Deferred payment gift annuities are most attractive to individuals who do not need current income but would prefer a larger annuity payment at a future time. This gift allows you to make a gift now and secure a charitable income tax deduction in your high earning years.
Since the payments start at a time in the future, your annuity rate may be substantially higher due to the period of deferral. You may fund a deferred payment gift annuity with Westminster College using the same asset types as a regular gift annuity.
Deferred Payment Gift Annuity Benefits
- Once they begin, payments are set for life
- Current income tax charitable deduction
- Portion of the income is tax-free
- Income is based on the age of the beneficiaries and the length of the deferral period
College Annuity Option
With the College Annuity Option in a Deferred Payment Gift Annuity, a student can choose a larger payment for a term of years rather than the regular lower payments for life. Clearly, a four-year payment plan is ideal for sending a student to college.
Office of Development - 501 Westminster Avenue - Fulton, MO 65251
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