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Life Income Gifts

Charitable Gift Annuities

When you establish a gift annuity with cash or securities, you make a gift in exchange for UMass' agreement to pay one or two annuitants a fixed income for life. Youfo receive a partial income tax reduction in the year of the gift, which may be carried forward for up to five years. Payments to the annuitants - which begin immediately - are made quarterly for life, and are backed by all assets fo the UMass Foundation. A portion of the payments may be tax-free.

When the last annuitant passes away, UMass Dartmouth uses the remaining funds for the purpose that you specify at the time of the gift.

Sample One-life Rates for a $50,000 Charitable Gift Annuity

Rate 5.7% 6.3% 7.1% 8.1% 9.5%
Income $2,850 $3,150 $3,550 $4,050 $4,750

Deferred Gift Annuities

This can be an attractive option for donors as young as age 50 who may wish to supplement future income. Payments begin at a future date and you receive:

  • A fixed income for live
  • A partial income tax deduction in the year the gift is made, and
  • An opportunity to defer capital gains tax.

Charitable Remainder Trusts

Yet anther gift offering a lifelong income stream and significant tax benefits, charitable remainder trusts can be arranged for gifts of $100,000 or more.

Benefits Include:

  • Support for UMass Dartmouth
  • Income to the donor or a beneficiary for a term of years or for life
  • Favorable capital gains treatment on appreciated assets
  • Charitable income tax deduction (for a portion of the value) in the year of the gift

If you have questions about charitable gift annuities, deferred gift annuities or charitable remainder trusts please contact us.

For a personalized proposal, please contact Carolyn Flynn, Director of Gift Planning at (877) 775-1992 or ogp@umassd.edu.