Life Income Gifts

Charitable Gift Annuities

When you establish a gift annuity with cash or securities, you make a gift in exchange for UMass’ agreement to pay one or two annuitants a fixed income for life.  You receive a partial income tax deduction in the year of the gift, which may be carried forward for up to five years.  Payments to the annuitants – which begin immediately – are made quarterly for life, and are backed by all assets of the UMass Foundation. A portion of the payments may be tax-free.

When the last annuitant passes away, UMass uses the remaining funds for the purpose that you specify at the time of the gift.

Minimum contribution is $10,000.

Sample One-Life Rates for a $50,000 Charitable Gift Annuity

Age	70	75	80	85	90+
Rate	5.7%	6.3%	7.1%	8.1%	9.5%
Income	$2,850	$3,150	$3,550	$4,050	$4,750

Please contact us for a personalized proposal.

Deferred Gift Annuities

This can be an attractive option for donors as young as age 50 who may wish to supplement future income. Payments begin at a future date and you receive:

• A fixed income for life,
• A partial income tax deduction in the year the gift is made, and
• An opportunity to defer capital gains tax.

If you have questions about charitable gift annuities, deferred gift annuities or charitable remainder trusts please contact us.

Charitable Remainer Trusts

Yet another gift offering a lifelong income stream and significant tax benefits, charitable remainder trusts can be arranged for gifts of $100,000 or more.

Benefits Include:

• Support for UMass Lowell,
• Income to the donor or a beneficiary for a term of years or for life,
• Favorable capital gains treatment on appreciated assets, and
• Charitable income tax deduction (for a portion of the value) in the year of the gift.

Office of Gift Planning
Carolyn J. Flynn, Director of Gift Planning and Assistant Counsel
Phone: 877-775-1992
E-mail: carolyn_flynn@uml.edu