Charitable Gift Annuities
A Gift that Gives Back
Would you like to support St. Thomas University but are hesitant to do so because of the current market uncertainties? Perhaps you are concerned about being able to meet your future needs. Other donors who feel the same way, have discovered the joy of supporting STU through a charitable gift annuity.
A charitable gift annuity is a contract between you and STU that provides advantages for both. You can make a gift and receive immediate financial benefits. By funding a charitable gift annuity, you will provide valuable support to St. Thomas University and receive a charitable income tax deduction and fixed payments for your lifetime or the lifetime of a loved one.
Charitable gift annuities may be funded with cash, securities or property. The payout rate on a charitable gift annuity is a fixed rate based on the age of the donor at the time the gift is made. Payments may be made to one- or two-income beneficiaries.
… Quite simply, a Charitable Gift Annuity is a gift that pays you income for life. It allows you to make a gift to St. Thomas University and benefit from the following:
- Safe, fixed income for your life and the life of a loved one
- Tax savings now and in the future
- Favorable treatment of capital gains, if funded with appreciated assets
- Includes a lifetime membership in the St. Thomas University 1946 Heritage Society
Sample annuity rates gift amount $25,000*
| Age | Payment Rate | Annuity |
|---|---|---|
| 65 | 4.20% | $1,050 |
| 70 | 4.70% | $1,175 |
| 75 | 5.40% | $1,350 |
| 75 | 6.5% | $1,625 |
Mrs. Mary Swan is 78-year-old. She has a $60,000 CD that is coming up for renewal, but the reinvestment rate of return is only 2%. Mary decides to establish a $60,000 charitable gift annuity with St. Thomas University.
The result:
- STU will pay her 6% or $3,600 annually for the rest of her life.
- She is entitled to an immediate income tax charitable deduction of $26,897.
- Approximately 87.5% of each annuity payment is tax-free for the next 10.5 years.
- The proceeds will be used to create an endowed fund in memory of her husband and herself.
Leaving your legacy
Every day, we write part of our story–a story that will become a legacy that is passed down to the next generation. If an important part of your life’s story is your relationship with St. Thomas University, then there is no better way to honor that connection than to leave a lasting legacy of generosity that will shape the future of STU students for generations to come.
A Gift Annuity in Three Simple Steps
- Make an irrevocable gift of cash, publicly traded securities or other assets
- STU agrees to pay you, or you and your loved one a fixed annual income for life*
- The remaining funds will support St. Thomas University
* The charitable gift annuity payout rate is based on your age(s) and set by the American Council on Gift Annuities
Please let us know if we can help
Vice President of Philanthropy
Phone: (305) 628-6796
rhoffman@stu.edu
16401NW 37th Avenue
Miami, FL 33054
This information is not intended as legal, accounting or other professional advice. For assistance in charitable planning, consult an attorney for legal advice or obtain the services of another qualified professional.
Tax ID # 59 – 094 9880
