ESF
1 Forestry Drive
Syracuse, NY 13210
315-470-6500
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A campus of the State University of New York
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Planned Giving
It’s the best time in a long time to consider the gift that pays you: a charitable gift annuity.
Payout rates went up again Jan. 1, 2024, and are higher than they have been in 16 years. Seize the moment by considering this amazing gift that provides you with stable, regular income—regardless of the economy.
After your lifetime, the remaining amount becomes part of your legacy at ESF, allowing us to thrive far into the future.
With a gift annuity, you make a donation using cash, marketable securities or other assets, and we, in turn, pay you a fixed amount for life. You’ll receive reliable, predictable payments for your lifetime (and the lifetime of a loved one, if you choose).
Barbara, 72, transfers $25,000 in exchange for a charitable gift annuity. She will receive annual payments of $1,650, a rate of 6.6%.
*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Now calculate your benefits! Input a few details and see how a gift annuity can benefit you.
Age | Annuity Rate |
---|---|
60 | 5.2% |
65 | 5.7% |
70 | 6.3% |
75 | 7.0% |
80 | 8.1% |
85 | 9.1% |
90+ | 10.1% |
Ages | Annuity Rate |
---|---|
60/65 | 4.8% |
65/70 | 5.2% |
70/75 | 5.8% |
75/80 | 6.5% |
80/85 | 7.3% |
85/90 | 8.7% |
90/95+ | 9.9% |
These rates are subject to change. Please contact us for a personalized illustration.
With this gift, you’ll also enjoy:
Funding a gift annuity with appreciated assets, such as securities, will not only provide you with reliable payments for life and allow you to support our work, but it can offer financial benefits. You will receive a federal income tax charitable deduction (when you itemize) in the year the gift is made and eliminate part of the capital gains tax you would have paid if selling the securities. And if you have stocks that produce low-yield dividends, you may be able to increase your income.
If you are 70½ or older, you can make a one-time election for a qualified charitable distribution of up to $53,000 (without being taxed) from your IRA to fund a gift annuity. Special rules apply, so contact Jennifer Walters at (315) 565-3041 or jewalt02@esf.edu for more details.
We would be happy to send you a free, no-obligation calculation showing you the increased benefits you can receive from a gift annuity. Your personalized calculation will include your potential income tax charitable deduction and our annual payments to you for life. Contact Jennifer Walters at (315) 565-3041 or jewalt02@esf.edu to begin.
Input a few details and see how a gift annuity can benefit you.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance. A copy of our most recently filed financial report is available from the Charities Registry on the New York State Attorney General’s website (www.charitiesnys.com) or, upon request, by contacting the New York State Attorney General, Charities Bureau, 28 Liberty Street, New York, NY 10005, or us at 1 Forestry Drive, 214 Bray Hall, Syracuse, NY 13210. You also may obtain information on charitable organizations from the New York State Office of the Attorney General at www.charitiesnys.com or (212) 416-8401.