Skip to Main Navigation Skip to Content Skip to Footer Navigation
Give Now

Charitable Gift Annuities

print this page email this page
Dr. Constance Del Gizzi, M55

Constance Del Gizzi, M.D., M55
The faculty at Tufts prepared me for a wonderful career and made me want to give something back to the medical school.

Charles Tufts Society logo

The Charles Tufts Society honors alumni, staff, and friends who have included Tufts in their estate or gift plans.

Who says there are no benefits of aging? The older you are, the greater your income rate! A gift annuity pays you, or up to two people you name, fixed income for life. Of all life income gift options, charitable gift annuities are the simplest and most affordable. A charitable gift annuity allows you to make a gift and receive a steady income stream, claim a charitable tax deduction, and support Tufts. Your fixed annual payments are backed by the assets of the university.

If you are under 65 years of age, you may want to consider a deferred charitable gift annuity. A deferred charitable gift annuity allows you to make a gift now and delay the payments until you need them. Deferred gift annuities are a great way to supplement your income during retirement while you enjoy the tax benefits now.

What are the benefits of gift annuities?

  • Charitable gift annuities are easy to create—the agreement is a simple contract between you and the university.
  • Your charitable gift annuity may be funded with a gift of $10,000 or more.
  • Your annuity payments may be treated as part tax-free income.
  • You receive an immediate charitable tax deduction for a portion of your gift.
  • If you fund your charitable gift annuity with appreciated securities, no up front capital gains tax is due.
  • Only a portion of your capital gains will be reportable, and the tax will be spread out over your annuity payments.

How it works

  • You transfer cash or securities to Tufts.
  • The university pays you, or up to two annuitants you name, fixed income for life.
  • The remaining value passes to Tufts and funds your designated purpose when the contract ends.

A charitable gift annuity is for you if...

  • You want to make a significant gift to Tufts and receive lifetime payments in return.
  • You want the security of fixed payments that won’t fluctuate during your lifetime.
  • You appreciate the safety of your payments being a general financial obligation of the institution.

Annuity rates

Your annuity rate is based on your age. The older you are, the greater your payment. A gift annuity can pay you, or up to two people you name, fixed income for life. Tufts’ annuity rates are based on guidelines established by the American Council on Gift Annuities (ACGA). View current rates.

Gift example

You hold a long-term stock portfolio that has appreciated, but only pays you 2 percent income per year. You are now 75, and you are concerned that if you sell some of the stock to reinvest in bonds, capital gains taxes will cut heavily into the proceeds. You want to make a gift of $100,000 of stock to Tufts, but you need the income that your portfolio provides you.

You are looking for a gift plan that will continue this income and increase it, if possible.

Here's a summary of the income and tax benefits from this gift annuity:

Donor (Age 75)

Click here to calculate the benefits a gift annuity would give you.

Amount contributed (stock)

$100,000

Cost basis

$20,000

Gift annuity rate

5.8%

Annual payments
   Tax-Free portion
   Capital Gain Income
   Ordinary Income

$5,800
   $924.51
   $3,698.09
   $1,177.40

Charitable deduction

$42,678

This example is based on a factor that is subject to change. Please contact our office for a personal illustration based on current rates.