In this popular charitable giving arrangement, the donor makes a gift of a minimum of $25,000 to Princeton. The University then provides a guaranteed, fixed, quarterly payment for the life of one or two individuals, for example, the donor and spouse.
Benefits
Immediate tax deduction and capital gains deferral on appreciated assets such as stock
Steady, guaranteed lifetime payments
Annuity rate of 6.1% to 10.5% of the gift amount, depending on the annuitants’ ages at the time the gift was made.
Donors must be at least 70 years old to establish a gift annuity arrangement and start receiving payments from it. The payment they receive, which is guaranteed and fixed for life, is based on a percentage of the gift amount, and that percentage is determined by the age of the annuitant(s) when the gift was made. To establish these rates, Princeton follows guidelines set by the American Council on Gift Annuities (ACGA).
Donors interested in a higher tax deduction and a larger gift for Princeton, may accept a rate lower than the one Princeton offers. The American Council on Gift Annuities makes periodic adjustments to its rate table, and the amount of the IRS tax deduction can vary as well. Charitable gift annuities are not available in Alabama, Hawaii, and Wisconsin.
Request a Gift Illustration Request an illustration of how a gift to Princeton might work for you or contact the Office of Gift Planning at 609.258.6318 or e-mail 1746soc@princeton.edu.
Bill Snyder maintained a lifelong interest in Princeton athletics and could always be seen at Reunions and football and basketball games. Bill established three charitable gift annuities in 1999, 2001 and 2003, which were great gifts for his needs and also great gifts for Princeton and the next generation of Tigers.
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