How It Works

• You transfer cash or securities to Worcester Academy. Our suggested minimum gift requirement is $10,000.
• Beginning on a specified date in the future, Worcester 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 Worcester 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.

Next

• More details on Deferred Gift Annuities.
• Frequently asked questions on Deferred Gift Annuities.
• Contact us so we can assist you through every step.

The material presented on this Planned Giving website is not offered as legal or tax advice.
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