Simpson College  

  

Advancement

Charitable Gift Annuities

Guaranted life income
You can secure a guaranteed income for life by making a contribution to Simpson College.

A Simpson College charitable gift annuity will pay you (and a survivor, if desired) a fixed dollar amount when you make an irrevocable gift to the college to further our goals. The amount is determined by your age at the time of your contribution. 

Generous income tax advantages
If you itemize deductions, you can take a charitable deduction for part of the value of your gift when you file that year's income tax return. The amount of the deduction depends on your age.

A sizable part of each annuity payment is also tax-free, again determined by treasury tables.

Deferred payment charitable gift annuity can supplement retirement income
Instead of securing an immediate payment under a gift annuity, you can have it deferred until a later date, such as your retirement.

You make the contribution now, securing a current income tax charitable deduction, and Simpson will agree to pay you a guaranteed life income starting at any date you select. This is especially advantageous if your tax bracket is higher now than it will be later. In addition, the annual income rate is considerably higher when the payment beginning date is deferred.

For many people, tax reform curtailed some of the tax benefits of IRAs, 401(k) plans, and other retirement plans. The deferred payment gift annuity is a good way to make up the loss of the future income you will need.

A special kind of retirement income
A charitable gift annuity is a gift that gives you guaranteed and attractive retirement income with no investment worries or responsibilities. It also provides a way for you to make a special and enduring gift to strengthen Simpson.

We will be glad to calculate any possible gift annuity financial situations you would like to consider. Then mail, fax or deliver the data at your convenience.

 

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