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Deferred Gift Annuity
How It Works
- You transfer cash or securities to Africa University. Our minimum gift requirement is $5,000.
- Beginning on a specified date in the future, Africa University begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
- Generally, deferred gift annuities may be created by donors of any age. However, a beneficiary must be at least 45 years of age before deferred gift annuity payments commence to the beneficiary.
- The remaining balance passes to AU 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.
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- More details on Deferred Gift Annuities.
- Frequently asked questions on Deferred Gift Annuities.
- Contact us so we can assist you through every step.
The gift planning information presented on this site is intended as general. It is not to be considered tax, legal, or financial advice. Please consult your own personal advisors prior to any decision.
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