Charitable Gift Annuity
A Charitable Gift Annuity is a simple contract between you and Bryn Mawr College. In exchange for a gift of cash, securities, or other assets, Bryn Mawr College agrees to pay one or two beneficiaries a guaranteed fixed income each year for life. A gift annuity will also provide you with a current federal income tax deduction as well as possible estate tax savings. The payments are secured by the general resources of Bryn Mawr College. Donors must be 65 years of age or older, and the minimum gift amount is $10,000.
The older the designated beneficiaries are at the time of the gift, the greater the fixed income Bryn Mawr College can agree to pay. In most cases, part of each payment is tax-free, increasing each payment's after-tax value. If you give appreciated property, the capital gains tax liability can be spread out over your lifetime rather than be all due in the year of your gift. Payments are usually made in quarterly installments.
|Age of Donor||Bryn Mawr College CGA Old Rate||New Rate as June 1, 2012|