Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.
View My GuideYou Give. You Receive.
There's a way for you to support Penn State 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 qualify for a variety of tax benefits depending on how you fund your gift.
If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.
And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $53,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.
Learn more by viewing our Charitable Gift Annuity fact sheet.
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 Deferred Gift Annuities: Plan Now, Benefit Later.
Fund Your Donation With:
An Example From Penn State
Penn State alumnus and former employee Lynn Donald Breon is no stranger to Penn State. Having a particular fondness for the performing arts, Don chose to give through a charitable gift annuity, which, in addition to providing unrestricted support in the future for the University's Center for the Performing Arts, offers Don advantages of his own.
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