Office of Institutional Advancement & Alumni Relations
61 Sever Street
Worcester, MA 01609
Your planned gift to Becker College helps you to accomplish your financial and estate planning goals, while at the same time helping to ensure that future generations of bright, young minds will have numerous opportunities to reach their potential.
For more information, please contact Mary Maloney at 508.373.9525 or firstname.lastname@example.org
Don’t outlive your money! Earn a guaranteed quarterly annuity payment at a rate that is fixed for the remainder of your lifetime. This is especially attractive now when savings rates are so low. If, at age 73, you invest $20,000 in a charitable gift annuity at 6.2%, you will receive $1,240 for life. If you deposit $20,000 in a savings account with a low interest rate and withdraw the same $1,240 yearly, your savings account of $20,000 will be depleted by age 90. The process is relatively simple: you make a gift of cash, stocks or other assets to Becker College (we suggest a minimum of $20,000). The College then invests the principal in a high-yield fund, pays you a quarterly or annual dividend for the remainder of your life, and the principal then is retained by Becker upon your demise.
Some of the unstated advantages of the above are as follows:
These rates are the maximum rates recommended by the American Council on Gift Annuities and are adjusted periodically.
EXAMPLE: Immediate Payment Gift Annuity
If at age 70, Mary transferred $20,000 cash to Becker College in exchange for a 5.8 % annuity rate, she would receive fixed payments totaling $1,160 each year for the remainder of her life, of which $815 is tax-free to her throughout her life expectancy. She’ll also receive a charitable deduction of $7,352 if she itemizes on her income taxes.