With this gift option, Purdue and the donor enter into an agreement under
which Purdue agrees to pay the donor or other beneficiaries a fixed income
for life in exchange for a gift of cash, marketable securities, or approved
real estate. The minimum gift for a charitable gift annuity is $5,000. The
annuity rate is based on the age of the donor or other beneficiaries. Charitable
gift annuities are issued through the Purdue Research Foundation.
Taxation:
* Portion of the annuity payment initially is tax-free.
* Portion may be taxed as capital gain if funded with appreciated property.
* Balance of the payment is taxed as ordinary income.
Benefits:
* Fixed annual income for life.
* Tax deduction based on the value of the assets and annuity rate.
* Reduced capital gains tax.
For more information, please contact the Planned Giving Office at (800) 677-8780
or plangift@purdue.edu.
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