For people who want to give back, consider a gift that gives back to you. Through a charitable gift annuity, alumni and friends of ÎÚÑ»´«Ã½ may secure a lifetime income while making a major impact on ÎÚÑ»´«Ã½.
Charitable Gift Annuities are
- A contract exchanging cash or securities for the guarantee of the ÎÚÑ»´«Ã½ Foundation (or the Virginia Foundation for Community College Education in some cases) to make fixed quarterly payments as long as either annuitant(s) live.
- A great way to partner with the ÎÚÑ»´«Ã½ Foundation, sharing property to support its work.
Gift annuities benefit both ÎÚÑ»´«Ã½ and the donor(s). They:
- may be established with gifts of cash or securities valued at $10,000 or more.
- may make payments to either one or two annuitants.
- make fixed payments based upon the age of the annuitant(s) when the annuity is established. The older the annuitant(s) are, the higher the fixed percentage payment rate will be. .
- have helped many community college alumni and friends to realize their dreams for their college.
A gift with many tax benefits, including:
- An immediate and significant charitable deduction from income tax, as provided by law;
- Avoidance of capital gain tax on appreciated property transferred in exchange for the annuity;
- Stable, substantial income backed by the assets of the issuing foundation, and
- A major gift that will perpetuate ÎÚÑ»´«Ã½â€™s mission, and your support for it
If you would like to see an example of a charitable gift annuity based on your age and an amount set by you, contact Patty Kellam at 757-789-1749 or pkellam@es.vccs.edu. Patty can illustrate for you a gift annuity based upon gift amount and other facts specified by you.