Deferred Gift Annuity
As a younger donor still in high-earnings years, you are still saving for retirement and also trying to lower your taxable income.
How It Works
- You transfer cash or securities to Calvert Hall College High School. Our minimum gift requirement is $25,000.
- Beginning on a specified date in the future, Calvert Hall College High School begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
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Generally, deferred gift annuities may be created by donors of any age. However, a beneficiary must be at least 40 years of age before deferred gift annuity payments commence to the beneficiary.
- The remaining balance passes to Calvert Hall College High School when the contract ends.
Benefits
- Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
- You can schedule your annuity payments to begin when you need extra cash flow, such as retirement years.
- Payments are guaranteed and fixed, regardless of fluctuations in the market.
- The longer you elect to defer payments, the higher your payment will be.