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Charitable Gift Annuity |
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How It Works
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You transfer cash or securities to Ithaca College. |
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Ithaca pays you, or up to two annuitants you name, fixed income for life. |
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The principal passes to Ithaca when the contract ends. |
Benefits
- You receive an immediate income tax deduction for a portion of your gift.
- Your annuity payments are guaranteed for life, backed by a reserve and the assets of Ithaca.
- Your annuity payments are treated as part ordinary income, part capital gains income (15%), and part tax-free income.
- You can have the satisfaction of making a significant gift that benefits you now and Ithaca later.
More
- Read more detail. Click here.
For more information
If you are considering a charitable gift annuity, email us, complete the personal illustration form, or call us at 607-274-3466 so that we can assist you through every step of the process.
