Charitable Gift Annuities

A charitable gift annuity is a single contract between you and Lynchburg College. In exchange for your gift of cash, securities, or real estate, the College agrees to pay you (or a loved one; or both of you) a fixed amount each year for life.

A gift annuity offers an excellent opportunity to balance your investment portfolio and, in many cases, increase your annual income. Also, you will be able to take an income tax charitable deduction in the year of your gift to LC.

The amount of income you will receive depends on your age. Following is a sample of single-life gift annuity rates LC currently offers (annuities for 2 individuals are also available).

Sample Gift Annuity Rates

Age Rate
55 4.0
60 4.4
65 4.7
70 5.1
75 5.8
80 6.8
85 7.8
90+ 9.0

Benefits include:

  • Lifetime payments for yourself and possibly another person.
  • Charitable deduction for a portion of the value of the gift.
  • Part of each annuity payment is tax-free.
  • Capital gains tax savings when you contribute appreciated securities.

Deferred Annuity

A deferred annuity is another form of charitable gift annuity in which payments to you are delayed until the future. For individuals not in need of additional income now but who would like to support LC and provide supplemental income for themselves or their spouse at a future date, deferred gift annuities offer considerable advantages. By deferring the life-income payments, you will receive a higher rate of return.