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Charitable Gift Annuities

A charitable gift annuity is a simple contract through which a donor and/or his or her designated beneficiary is provided with a stream of fixed payments for life in exchange for a gift.

Self-Help
Gift Calculator

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Estimate your benefits
based on your situation

CGA Diagram

How It Works

  • You transfer cash or securities to Pomona College.
  • Pomona College pays you or one other beneficiary you name fixed income for life.
  • The remaining balance passes to Pomona College when the contract ends at the death of the last beneficiary.

Note

  • Beneficiaries must be at least 55 at the time of the gift.
  • Our minimum gift requirement is $10,000.
  • Try our self-help calculator to see a charitable gift annuity example that fits your situation.
  • Low interest rates affect rates for younger donors. Click here for more information.

Benefits

  • Receive dependable, fixed income for life in return for your gift.
  • In many cases, increase the yield you are currently receiving from stocks or CDs. 
  • Receive an immediate income tax deduction for a portion of your gift.
  • A portion of your annuity payment will be tax-free.
  • Gift annuities act as longevity insurance to protect income as you age.

Next: Tell me more...

Please contact us so that we can assist you through every step of the process.

Questions and Answers


How are the annuity payments guaranteed?

Is it better to give cash or appreciated securities for my gift annuity?

Can I include my children as income beneficiaries of my gift annuity?

What’s the difference between a commercial annuity and a charitable gift annuity?

Can I defer my annuity payments?

Tip of the Day

"I'm Too Young to Make a Planned Gift to Pomona College."

You're never too young to plan before you give. Right now you may be focused on accumulating assets and meeting the obligations of a growing family -- can you also support us significantly? Because we are so grateful for your generous interest, we offer giving techniques that fit your circumstances now and stretch your ability to give:

  • Writing your will? Make Pomona College the beneficiary of a contingent bequest -- we'll receive the gift if the originally designated beneficiary cannot accept it.
  • A new life insurance policy can be funded from your annual income rather than a transfer of capital. It builds a substantial gift that will strengthen our endowment.
  • Alternately, you may be carrying a paid-up insurance policy whose coverage your family no longer needs. A gift of the policy will bring us immediate benefits and generate an immediate tax deduction for you.
  • A deferred gift annuity provides a significant tax deduction now and lifetime payments when you need them most -- after you retire. You can create a deferred annuity each year during high-earnings years from dollars you've already earmarked for retirement saving, and schedule a combined payment from the annuities starting at a date you specify.

For more information email us or contact us at (909) 621-8143 or (800) 761-9899.