Increase your retirement income and shape Ohio Wesleyan University’s future with a charitable gift annuity. Good news: the gift annuity rates are now the highest they’ve been in years.
How It Works
With a charitable gift annuity, you make a donation using cash, marketable securities, or other assets, and we, in turn, pay you a fixed amount for life. With this gift you can boost your retirement income and feel secure because you receive reliable, predictable payments for as long as you live.
It’s a great time to contact the Office of Gift Planning at 740-368-3043 or giftplanning@owu.edu for a personalized illustration at no obligation.
Here’s an Example
Barbara, 72, transfers $25,000 in exchange for a charitable gift annuity.
With the old rates: Barbara received annual payments of $1,350, a rate of 5.4 percent.
With the new rates: Barbara receives annual payments of $1,450, a rate of 5.8 percent. This is a payout rate increase of approximately 7.4 percent.
| New Rate Charts (effective July 1, 2018) | |||||
| One Recipient | Two Recipients | ||||
| Age | NEW RATE | Old Rate | Rate | NEW RATE | Old Rate |
| 60 | 4.7% | 4.4% | 60/65 | 4.3% | 4.0% |
| 65 | 5.1% | 4.7% | 65/70 | 4.7% | 4.4% |
| 70 | 5.6% | 5.1% | 70/75 | 5.2% | 4.8% |
| 75 | 6.2% | 5.8% | 75/80 | 5.7% | 5.3% |
| 80 | 7.3% | 6.8% | 80/85 | 6.6% | 6.1% |
| 85 | 8.3% | 7.8% | 85/90 | 8.0% | 7.3% |
| 90+ | 9.5% | 9.0% | 90/95+ | 9.3% | 8.8% |
Additional Benefits
- A partial income tax charitable deduction for your gift when you itemize.
- Part of each payment is income tax-free throughout your estimated life expectancy.
Tip: Consider Giving Appreciated Assets
Funding a gift annuity with appreciated assets, such as securities, will not only provide you with reliable payments for life and allow you to support Ohio Wesleyan University’s work, but it can offer financial benefits. You will receive a federal income tax charitable deduction (when you itemize) in the year the gift is made and eliminate part of the capital gains tax you would have paid if selling the securities.
Not Yet Near Retirement?
You can also set up a deferred gift annuity so you can delay payments until a later date—such as when you reach retirement. You’ll get the income when you need it most, plus the payout rate and your tax deduction will be higher than that of an immediate payment gift annuity.
Request Your Personalized Illustration
We would be happy to send you a free, no-obligation illustration showing you the increased benefits you can receive from a charitable gift annuity. Your personalized illustration will include your potential income tax charitable deduction and our annual payments to you for life. Contact the Office of Gift Planning at 740-368-3043 or giftplanning@owu.edu to begin.