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Syracuse University Planned Giving

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Charitable Gift Annuity

CGA Diagram

How It Works

  • You transfer cash or securities to Syracuse University.
  • Syracuse University pays you and/or one other beneficiary you name fixed income for life.
  • The remaining balance passes to Syracuse University when the contract ends at the death of the last beneficiary.

Note:

  • Beneficiaries must be at least 55 at the time of the gift.
  • Our minimum gift requirement is $10,000.
  • If your annuity is established with securities, a portion of your annuity may be free of capital-gains tax.

Benefits

  • Receive dependable, fixed income for life in return for your gift.
  • In many cases, increase the yield you are currently receiving from stocks or CDs. 
  • Receive an immediate income tax deduction for a portion of your gift.
  • If your annuity is established with securities, a portion of your annuity payment may be free of capital-gains tax.

Sample rates for a 70-year-old establishing a single life $10,000 CGA with cash

Immediate Payment CGA Deferred Payment CGA
Age Payments Begin 70 75
Annuity Rate 5.1% 6.8%
Charitable Deduction $4,001.70 $5,010.40
Annual Payment $510 $680


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The material presented in this web site is not offered as legal or tax advice. You are urged to seek the advice of your tax advisor, attorney, and/or financial planner to make certain the gift you are considering fits into your overall circumstances and planning.