A charitable gift annuity is a simple contractual agreement between you and the University of Kentucky. You make a gift of cash or stock to the University, and you receive fixed payments for life as well as an income tax deduction for the year in which you establish the gift annuity.
The payments are based on your age and are higher than rates available through commercial certificates of deposit. The gift annuity payments are guaranteed for the rest of your life and do not fluctuate with the economy.
The benefits include a fixed payment for yourself – or for yourself and another individual, if you choose – partial tax-free income, and a charitable gift deduction on your current federal tax return.
For 2016 tax savings, a gift annuity agreement must be signed and assets transferred officially to the University by December 31.
For additional information, please contact:
Ford Stanley, Senior Director of Estate and Gift Planning,
Executive Director of University of Kentucky Real Estate Foundation
800-875-6272 or 859-257-7886