Planned Giving​

Deferred Gift Annuity


Click to play video which describes a gift of deferred gift annuity

How It Works

  • You transfer cash or securities to the Community College of Baltimore County. Our minimum gift requirement is $10,000.
  • Beginning on a specified date in the future, CCBC 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 40 years of age before deferred gift annuity payments commence to the beneficiary.
  • The remaining balance passes to CCBC 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.

Next


Contact Us

Planning your estate and legacy for future generations, including your charitable interests, takes careful evaluation. Consulting with the appropriate professionals can assist you.

Kenneth Westary, Vice President, Institutional Advancement
kwestary@ccbcmd.edu
443-840-3213