Deferred Gift Annuity
How It Works You transfer cash or securities to Cedar Crest College. Our suggested minimum gift requirement is $5,000.
Beginning on a specified date in the future, Cedar Crest begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
Beneficiaries are recommended to be at least 65 to begin receiving payments and must be at least 40 to fund the gift. The remaining balance passes to Cedar Crest when the contract ends.
Benefits Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
You can target your annuity payments to begin when you need them, such as retirement.
The longer you elect to defer payments, the higher your payment will be.
