Charitable Gift Annuity

The simplest of life income gift arrangements, the Charitable Gift Annuity, is a contract between the University and a donor, providing for payments to one or two beneficiaries at a fixed rate. In exchange for a gift of $10,000 or more, Penn will provide an attractive annuity rate and guaranteed payments for life. A donor may contribute cash or appreciated assets, such as real estate or securities to establish a gift annuity and is eligible for a charitable income tax deduction in the year the gift is made. A Charitable Gift Annuity also allows for potential tax advantages, such as a reduction in estate and capital gains taxes. On termination of the annuity, the balance supports Penn.