Charitable Gift Annuity

A charitable gift annuity is one of the simplest life income plans offered by the university, and can be designated for any charitable purpose at Bucknell. In exchange for a gift, Bucknell guarantees to make fixed payments to one or two income beneficiaries so long as either is living. The annuity rate is determined by the age and number of income beneficiaries when the gift is funded. Income will never change and payments are guaranteed by all the assets of the university. An income tax deduction is earned when the gift is funded.

Immediate Payment Charitable Gift Annuities begin payments immediately; calculate your income and charitable contribution now.

Deferred Payment Charitable Gift Annuities are established to delay the beginning of payments until a future date selected by the donor. Increasing the delay increases the tax deduction earned by the donor and increases the annuity rate; calculate your future income.

Flexible Payment Charitable Gift Annuities are written to provide the flexibility to begin payments during a range of dates selected by the donor when the annuity is created. The deduction is based on the earliest date in the range

All annuity plans require that the income beneficiaries be at least 55 years old when payments begin. Each plan may be funded with cash or marketable securities and is managed without any cost to the donor or income beneficiary.

Sample Rates for $10,000 Immediate Payment Gift Annuity

Age* Income Rate Tax Deduction**

55 5.5% $2,651

60 5.7% $3,105

65 6.0% $3,553

70 6.5% $3,952

75 7.1% $4,433

80 8.0% $4,905

85 9.5% $5,256

90 11.3% $5,727

* At time of gift
** Based on 5.0% federal midterm discount rate
Minimum gift size: $10,000

For additional information, contact the Office of Gift Planning at 570-577-3200 or giftplanning@bucknell.edu.