Making a Gift: What is a Charitable Gift Annuity?
In exchange for a transfer of cash or marketable securities, Northwestern offers you a contractually guaranteed schedule of fixed-income payouts, whose annual rate is based largely on the beneficiary's age.
Minimum Requirements to Establish an Annuity:
There is a minimum initial payment of $5,000, and $1,000 for each addition.
Tax Benefits:
- You can claim an immediate charitable deduction on the part of the transfer that represents the charitable gift element.
- A portion of each income payment to the beneficiary may be tax-free.
- Capital gains recognition of gifts of appreciated property is reduced and deferred.
For more information, contact the Library Development Office (847) 467-7129
