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Charitable Gift Annuities

For over 100 years, members of the Wheaton College family have utilized the charitable gift annuity to provide financial support for the College and a lifetime income stream for themselves.

A gift annuity is established when you make a gift to Wheaton College and in return, the College agrees to make annual, fixed-dollar payments for the lifetime of the person(s) you designate to receive the payments.

There are two basic types of charitable gift annuities:

The “current” payment gift annuity begins making payments immediately and is generally most appropriate for people age 60 and older.

The “deferred” gift annuity defers the annuity payments for 5 to 15 years and is generally appropriate for people less than 60 years old, who want to take advantage of a current charitable income tax deduction but who don’t want or need the payments to begin until they are older.

Request a free, no-obligation gift annuity illustration

Income stream for life

The annuity payment is a fixed-dollar amount paid to you for as long as you live and is guaranteed by the assets of Wheaton College. The payment can be made annually, semi-annually, or quarterly. The annuity rate is based upon the age of the person(s) receiving the payments. Rates are generally higher for single, older individuals as opposed to younger couples.

Tax benefits

You will receive a current charitable income tax deduction for your gift to Wheaton College (a portion of the total gift annuity amount). In addition to the deduction, a portion of your annuity payment is treated as tax-free income. The proportion of tax-free income depends on the age of the donor and the type of asset that was used to fund the gift annuity. A gift annuity funded with cash yields more tax-free income than one that is funded with appreciated securities.

View examples of Wheaton College charitable gift annuities:

Example: Current Payment Gift Annuity (Single-Life)

Example: Current Payment Gift Annuity (Two-Life)

Example: Deferred Payment Gift Annuity