Lock In Best Rates in 18 Years
It's a great time to consider a gift that pays you.
Payout rates for a charitable gift annuity are better than they have been in 18 years, but they may not stay that way all year. Seize the moment by considering this amazing gift that provides you with stable, regular income—a nice benefit in today's economic environment.
After your lifetime, the remaining amount becomes part of your legacy at Culinary Institute of America, allowing us to thrive far into the future.
How It Works
With a gift annuity, you make a donation using cash, stock or other assets and you, in turn, receive reliable, predictable payouts for your lifetime (and the lifetime of a loved one, if you choose).
For Example
Barbara, 72, transfers $25,000 in exchange for a charitable gift annuity. She will receive annual payments of $1,650, a rate of 6.6%.
Build Your Own Gift Annuity
Now calculate your benefits! Input a few details and see how a gift annuity can benefit you.
Gift Annuity Rate Charts
One Recipient
| Age | Annuity Rate |
|---|---|
| 60 | 5.2% |
| 65 | 5.7% |
| 70 | 6.3% |
| 75 | 7.0% |
| 80 | 8.1% |
| 85 | 9.1% |
| 90+ | 10.1% |
Two Recipients
| Ages | Annuity Rate |
|---|---|
| 60/65 | 4.8% |
| 65/70 | 5.2% |
| 70/75 | 5.8% |
| 75/80 | 6.5% |
| 80/85 | 7.3% |
| 85/90 | 8.7% |
| 90/95+ | 9.9% |
These rates are subject to change. Please contact us for a personalized illustration.
Choose the Funding Option That Works Best for You
Give Cash
One of the easiest ways to fund your gift annuity is with cash. In return, you (and someone else if you choose) receive lifetime income. You qualify for an income tax charitable deduction for a portion of your contribution, and part of each payout is income tax-free throughout your estimated life expectancy.
Give Appreciated Assets
Funding a gift annuity with appreciated assets, such as stock, will not only provide you with reliable payouts for life and allow you to support our work, but it can offer financial benefits. You will receive a federal income tax charitable deduction (when you itemize) in the year the gift is made and eliminate part of the capital gains tax you would have paid if selling the securities. And if you have stocks that produce low-yield dividends, you may be able to increase your income.
Give From Your IRA
If you are 70½ or older, you can make a one-time election for a qualified charitable distribution of up to $55,000 (without being taxed) from your IRA to fund a gift annuity. Special rules apply, so contact Brad Whitmore at 845-905-4277 or b_whitmo@culinary.edu for more details.
Request Your Personalized Example
We would be happy to send you a free, no-obligation calculation showing you the increased benefits you can receive from a gift annuity. Your personalized calculation will include your potential income tax charitable deduction and your annual payouts for life. Contact Brad Whitmore at 845-905-4277 or b_whitmo@culinary.edu to begin.
Calculate Your Benefits
Input a few details and see how a gift annuity can benefit you.