Life Income Gifts
Charitable Gift Annuities
When a donor establishes a gift annuity with cash or securities, he or she makes a gift in exchange for UMass’ agreement to pay one or two annuitants a fixed income for life. The donor receives a partial income tax deduction in the year of the gift that 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 the assets of the UMass Foundation. A portion of the payments may be tax-free. (A minimum contribution is required.)
Sample One-Life Rates for a $50,000 Charitable Gift Annuity
Deferred Gift Annuities
This option may be of interest for donors as young as age 50 wishing to supplement future income. Payments begin at an agreed-upon future date, and the donor receives:
• A fixed income for life;
Charitable Remainer Trusts
Another life income gift arrangement that offers a lifelong income stream and significant tax benefits, charitable remainder trusts can be established through gifts of $100,000 or more.
• Support for UMass Lowell;
For a personalized proposal or any other information, please contact the UMass Lowell Office of Gift Planning at 877-775-1991 or firstname.lastname@example.org.