Gift Planning at Yale

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "//www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="//www.w3.org/1999/xhtml"> <head> <title> Gift Planning at Yale </title> <meta http-equiv="Content-Type" content="text/html; charset=UTF-8" /> <meta name="keywords" content="planned giving, gift planning, donations, charitable bargain sale, income tax deduction" /> <meta name="description" content="Give an asset that may help us more than it is helping you, such as a life insurance policy whose coverage your family no longer needs, or real estate such as a second home or a parcel of undeveloped land, or even a collection of books or artwork" /> <link href="css/anylink.css" type="text/css" rel="stylesheet" /> <link href="css/base.css" type="text/css" rel="stylesheet" /> <script src="js/toolbar.js" type="text/javascript"></script> <style type="text/css"> #vgnext { display: none; } #vgitgfy { display: none !important; } #vghowworks { width: 100%; } #vgbenefits { width: 100% } #giftdiag { float: left; margin-bottom: 20px; } #giftlogo { display: none; } .giftdiagram { float: left; } #charter td { padding: 7px; } .vgslide { display: none; } .vgcalclink { display: none !important; } .giftbullets { margin-right: 7px; float: left; clear: left; margin-bottom: 15px; } #vgrelatedlinks { display: none; } .subtext { clear: none !Important; } #vghowworks h2 { margin-top: 0px; } </style> <link href="css/twoColElsRtHdr.css" rel="stylesheet" type="text/css" />  <style type="text/css">  </style> </head> <body class="twoColElsRtHdr" > <div id="container"> <div id="header"> <h1>Giving to Yale</h1>  </div> <div id="sidebar1"> <h3>Related Links</h3> <p><a href="GIFTdeferredg.php">Gift Illustration</a></p> <p><a href="GIFTdeferredg2.php">Complete Gift Description</a></p> <p><a href="GIFTdeferredg3.php">Is This Gift Right For You?</a></p> <p><a href="dgaEX.php">Gift Example</a></p> <div class="vgcalclink"> <p><a href="calc-dga.php">Calculate Your Benefits</a></p> </div> <p><a href="GIFTdeferredg-faq.php">Frequently Asked Questions</a></p> <p><a href="mailto:development.plannedgiving@yale.edu">Contact Us</a></p> <div id="close"> <p> </p> <p><a href="javascript: self.close()" class="style1">Close Window</a><br /> <br /> </p> <div align="right" style="margin-bottom:5px; padding-left:10px; padding-top:7px; text-align:left;"> <a href="javascript:ts('body',1)"><img src="images/toolbar-inc.gif" style="margin-bottom:10px;" border="0" /></a> <a href="javascript:ts('body',-1)"><img src="images/toolbar-dec.gif" style="margin-bottom:10px;" border="0" /></a> <br /> <a href="?id=print" target="_blank"><img src="images/toolbar-print.gif" style="margin-right:20px;" border="0" /></a> <a href="javascript:mailpage();"><img src="images/toolbar-send.gif" border="0" /></a> </div>  </div> </div> <div id="mainContent">  <h1>Deferred Gift Annuities<br> <span class="subheadline">(Gift example*)</span></h1> <p><b>Deferred Charitable Gift Annuity</b></p> <p> Stephanie, age 60, establishes a deferred payment gift annuity with a cash gift of $50,000. She locks in a rate of $8.5%, or $4,250 annually, for her lifetime. Her payments will begin when she reaches age 70. Of the $4,250 she will receive each year, $1,746 will be tax-free for many years. She will also receive a charitable deduction of $22,242.50 in the year of her gift. </p> <p> Stephanie hopes to retire in ten years, and knows that her gift annuity will provide a fixed income to supplement her retirement portfolio. Her gift allows her to plan for the future鈥攂oth her own and the future of Yale </p> <p> <p class="examples"><b>Summary of Benefits</b></p> <table border="0" cellspacing="1" width="95%" class="ChartBg" cellpadding="2"> <tr> <td style="font-style: italic;" colspan="2"><p class="examples">8.5% Deferred Gift Annuity</p></td> </tr> <tr> <td style="font-weight: bold;" colspan="2"><p class="examples">ASSUMPTIONS:</p></td> </tr> <tr> <td class="ChartLightCell" width="50%"><p class="examples">Annuitant<br>Age at Date of First Payment</p></td> <td class="ChartLightCell" width="38%" align="left" style="text-align: right;"><p class="examples">60<br>[7/31/2028] 70<br></p></td> </tr> <tr> <td class="ChartLightCell" width="50%"><p class="examples">Cash Donated</p></td> <td class="ChartLightCell" width="38%" align="left" style="text-align: right;"><p class="examples">$50,000.00</p></td> </tr> <tr> <td class="ChartLightCell" width="50%"><p class="examples">Payout Rate</p></td> <td class="ChartLightCell" width="38%" align="left" style="text-align: right;"><p class="examples">8.5%</p></td> </tr> <tr> <td class="ChartLightCell" width="50%"><p class="examples">Payment Schedule</p></td> <td class="ChartLightCell" width="38%" align="left" style="text-align: right;"><p class="examples">quarterly</p></td> </tr> <tr> <td style="font-weight: bold;" colspan="2"><p class="examples">BENEFITS:</p></td> </tr> <tr style="font-weight: bold;"> <td class="ChartLightCell" width="50%"><p class="examples">Charitable Deduction</p></td> <td class="ChartLightCell" width="38%" align="left" style="text-align: right;"><p class="examples">$22,242.50</p></td> </tr> <tr style="font-weight: bold;"> <td class="ChartLightCell" width="50%"><p class="examples">Annuity</p></td> <td class="ChartLightCell" width="38%" align="left" style="text-align: right;"><p class="examples">$4,250.00</p></td> </tr> <tr> <td class="ChartLightCell" width="50%"><p class="examples">Tax-free Portion</p></td> <td class="ChartLightCell" width="38%" align="left" style="text-align: right;"><p class="examples">$1,746.75</p></td> </tr> <tr> <td class="ChartLightCell" width="50%"><p class="examples">Ordinary Income</p></td> <td class="ChartLightCell" width="38%" align="left" style="text-align: right;"><p class="examples">$2,503.25</p></td> </tr> <tr> <td colspan="2"><p class="examples"><small>After 15.9 years from the year the payments begin, the entire annuity becomes ordinary income. </small></p></td> </tr> <tr> <td class="ChartLightCell" colspan="2"><p class="callouts"> Basic Gift Illustrations IRS Discount Rate is 3.4% These calculations are for illustration purposes only and should not be considered legal, accounting, or other professional advice. Your actual benefits may vary depending on several factors, including the timing of your gift.</p></td> </tr> </table> <br /><br /><br /> <br /> </div> <div id="footer"> <h5>Yale University Office of Planned Giving</h5> <p>PO Box 2038, New Haven, CT 06521 | 800.445.6086 | <a href="mailto:development.plannedgiving@yale.edu">Email us </a></p> </div> </div> </body> </html>  </body></html>

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Gift Planning at Yale