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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

There is a powerful way to pass assets to your heirs at a significantly reduced gift and estate tax cost, and provide years of income to Pomona College.

It's called a charitable lead trust, and if estate preservation is a planning priority for you it is definitely worth looking into.

How does it work? You transfer appreciating assets into the lead trust; the trust pays Pomona College income for a term of years; at the end of the term the balance of the lead trust passes to your heirs. Gift/estate tax on the transfer is reduced by the value of our income interest. The trust can even be set up to reduce your gift or estate tax liability to zero.

Best of all, your heirs pay nothing in capital gains tax on any appreciation in the assets that occurs during the term of the lead trust.

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