The Gift That Pays You…Even More!
You have a generous spirit. We know you care deeply for Saint Peter's University and want us to thrive for years and decades to come.
But you also have to deal with higher prices and market instability in the here and now. What to do?
Consider the gift that pays you: a charitable gift annuity. Payout rates are going up, so you can increase your income even more—and keep it that way no matter what the economy does.
How It Works
With a gift annuity, you make a donation using cash, marketable securities or other assets, and we, in turn, pay you a fixed amount for life. You’ll receive reliable, predictable payments for your lifetime (and the lifetime of a loved one, if you choose).
It’s a great time to contact Linda S. Moore, J.D. at (201) 761-6128 or lmoore2@saintpeters.edu for a personalized illustration at no obligation.
New Rate Charts (effective July 1, 2022)
One Recipient
Age | New Rate | Old Rate |
---|---|---|
55* | 4.1% | 3.7% |
60 | 4.5% | 3.9% |
65 | 4.8% | 4.2% |
70 | 5.3% | 4.7% |
75 | 6.0% | 5.4% |
80 | 7.0% | 6.5% |
85 | 8.1% | 7.6% |
90+ | 9.1% | 8.6% |
*Deferred gift annuity
Two Recipients
Ages | New Rate | Old Rate |
---|---|---|
55/60* | 3.8% | 3.2% |
60/65 | 4.1% | 3.7% |
65/70 | 4.5% | 4.0% |
70/75 | 4.9% | 4.3% |
75/80 | 5.5% | 4.9% |
80/85 | 6.3% | 5.8% |
85/90 | 7.5% | 7.1% |
90/95+ | 8.8% | 8.4% |
*Deferred gift annuity
Additional Benefits
With this gift, you’ll also enjoy:
- A partial income tax charitable deduction for your gift when you itemize.
- Part of each payment is income tax-free throughout your estimated life expectancy.
Delay Your Payments
If you don't need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement. For example, Michael, 55, gives us $40,000 in appreciated stock that he has owned longer than one year in exchange for a deferred gift annuity that will begin making payments 10 years from now. His cost basis in the stock is $10,000. Using the suggested rates, Michael's deferred annuity will pay at an annual rate of 6.8%, or $2,720. His federal income tax charitable deduction will be approximately $18,665.* If Michael is in the 32% income tax bracket, this charitable deduction will result in a tax savings of $5,973.
*Based on a 3.6% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Tip: Consider Giving Appreciated Assets
Funding a gift annuity with appreciated assets, such as securities, will not only provide you with reliable payments for life and allow you to support our work, but it can offer financial benefits. You will receive a federal income tax charitable deduction (when you itemize) in the year the gift is made and eliminate part of the capital gains tax you would have paid if selling the securities.
Request Your Personalized Example
We would be happy to send you a free, no-obligation calculation showing you the increased benefits you can receive from a charitable gift annuity. Your personalized calculation will include your potential income tax charitable deduction and our annual payments to you for life. Contact Linda S. Moore, J.D. at (201) 761-6128 or lmoore2@saintpeters.edu to begin.