Charitable Gift Annuities
Gifts That Pay You Income
There's a way for you to support Mary Baldwin University and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
This type of donation can provide you with regular payments and allow us to further our work. You can also receive a variety of tax benefits, including a federal income tax charitable deduction.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
Not Sure How to Begin Planning?Download My FREE Personal Estate Planning Kit
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to MBU but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 4.3 percent, which means that they will receive $860 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $4,166* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on annual payments and a 1.6 percent charitable midterm federal rate. Deductions vary based on income earned.
- Contact Brooke Herndon at 540-887-7240 or email@example.com for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with MBU.
- Seek the advice of your financial or legal advisor.
- If you include MBU in your plans, please use our legal name and federal tax ID.
Legal Name: Mary Baldwin University
Address: Staunton, VA
Federal Tax ID Number: #54-0506319