A charitable gift annuity provides fixed payments for life in exchange for a gift of cash or securities to Bennington College. Gift annuities are easy to set up and the payments you receive are backed by the general resources of Bennington College.
A charitable gift annuity could be right for you if:
- You want to maintain or increase your cash flow.
- You want the security of fixed, dependable payments for life.
- You want to save income taxes or capital gains taxes.
- You would like income that is partially tax-free.
- You want to make a generous gift to Bennington.
- You are considering a gift amount of $10,000 or more.
- You are at least 60 years of age.
Sample Annuity Rates for Gift Amount of $10,000
| Age | Payment Rate | Annuity | Deduction |
|---|---|---|---|
|
60 |
5.2% |
$520 |
$3,153 |
|
66 |
5.8% |
$580 |
$3,351 |
|
72 |
6.6% |
$660 |
$3,686 |
|
78 |
7.6% |
$760 |
$4,261 |
*For illustrative purposes only. Deductions and calculations will vary depending on the timing of your gift and personal circumstances.
