Charitable Gift Annuity—Immediate Payment

Immediate-Payment Charitable Gift Annuity Diagram

How It Works

  1. Transfer cash or other property to Stevens
  2. Stevens agrees to make payments for the life of one and up to two annuitants (payments are backed by our entire assets)
  3. The balance of the transfer inures to Stevens

 Benefits

  • Payments for life that are favorably taxed
    1. When gift is funded with cash, part of payment will be tax-free
    2. When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
  • Federal income-tax deduction for a portion of your gift
  • Gift will provide generous support for Stevens

More Information

Contact Us

Michael Governor
Director of Planned Giving
Email: michael.governor@stevens.edu
Office: 201-216-8967
Mobile: 201-388-8802

 

Stevens Institute of Technology
1 Castle Point Terrace
Hoboken, NJ 07030

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