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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

Same Gift, Better Deduction

We've told you that a donation using appreciated securities produces a charitable deduction in the amount of the full, fair market value of the stock, with no liability for capital gains -- a great tax benefit!

So why give Pomona College cash if you could give stock? Because you may be able to take advantage of one tax benefit that a gift of cash offers.

A $10,000 gift of cash produces the same deduction as a $10,000 gift of appreciated securities or other assets. However, the IRS allows you to claim the deduction for the cash gift up to 50 percent of your adjusted gross income ("AGI" -- the figure at the bottom of the first page of Form 1040. See Glossary for full definition). The gift of stock may only be claimed up to 30 percent of AGI.*

So if this will be a high earnings year for you, you will be able to offset more taxable income with the deduction from a cash gift.

We can help you determine which gift asset will work harder for you.

* Deductions in excess of the percentage limits aren't wasted -- the balance may be claimed during the five years after your gift is made.

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