A Charitable Gift Annuity is a simple contractual agreement between you and the University of Kentucky. You make a gift of cash or securities to the University, and you receive fixed payments for life as well as an income tax deduction. The payments do not fluctuate with the economy, and you will therefore know exactly how much income you will receive each year. The annuity payments are guaranteed by UK for the rest of your life.
The benefits include a fixed payment for yourself (or yourself and another individual, if you choose), partial tax-free income, a charitable gift deduction on your federal income tax return, and most importantly, the satisfaction of knowing that you are helping extend the impact of the University of Kentucky into the future. Payment rates are determined by your date of birth and are often substantially higher than rates available through commercial certificates of deposit.
For additional information, please contact:
Ford Stanley, Senior Director of Estate and Gift Planning, Executive Director of University of Kentucky Real Estate Foundation