Charitable Gift Annuity—Immediate Payment

Immediate-Payment Charitable Gift Annuity Diagram

How It Works

  1. Transfer cash or other property to EKU Foundation
  2. EKU agrees to make payments for the life of one and up to two annuitants (payments are backed by our entire assets)
  3. The balance of the transfer inures to EKU Foundation

Benefits

  • Payments for life that are favorably taxed
    1. When gift is funded with cash, part of payment will be tax-free
    2. When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
  • Federal income-tax deduction for a portion of your gift
  • Gift will provide generous support for EKU

More Information

Contact Us

Shelley Ward
Senior Director of Major and Planned Gifts
859.622.8090
Shelley.Ward@eku.edu

 

Eastern Kentucky University
CPO 19A
521 Lancaster Avenue
Richmond, KY 40475

Federal Tax ID Number: 61-1131682

Back

© Pentera, Inc. Planned giving content. All rights reserved.
Disclaimer