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Charitable Gift Annuity

Are you looking for a secure source of fixed income for now or your future? You may be tired of living at the mercy of low yielding CDs and the fluctuating stock and real estate markets. One solution is a charitable gift annuity.

How it Works

A charitable gift annuity is a contract between you and Wake Forest University.

  • You transfer property to Wake Forest University and in exchange we pay you fixed income for life.
  • The fixed income can be quite high depending on your age.
  • A portion of your income stream may even be tax free.
  • You will receive a charitable deduction for your gift to Wake Forest and the satisfaction of furthering our mission.
  • You are at least 65 years of age when payments begin.

Types of Assets You May Give

  • If you decide to fund your gift annuity with cash, a significant portion of the annuity income will be tax free.
  • You may make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.

Start Receiving Payments Now with a Current Gift Annuity

If you desire current income, you may transfer property in exchange for our promise to pay you fixed income beginning as early as this year. You will receive an income tax charitable deduction this year for the value of your gift to Wake Forest. We are happy to deposit your checks directly into your bank account.

Deferred Gift Annuity for Income at Future Date

Perhaps you are not ready to begin receiving income until a future date, such as when you retire. You can establish a deferred gift annuity, receive a charitable income tax deduction this year and receive payments at a designated future time. Best of all, because you deferred your payments, your annual payment will be higher than with a current annuity

Whether you choose a current Gift Annuity or a Deferred Gift Annuity, you will receive gift credit for 100% of the amount with which you fund your annuity.

Contact us about flexible date options for your future income.

The minimum contribution level to fund a Gift Annuity is $25,000.

Please visit Benefits Of Letting Us Know About Your Commitment and Frequently Asked Questions to learn more about including Wake Forest in your plans for the future or feel free to contact us.

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