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Planned Giving
Overview
News and Notes
Overview
Basic Gift Information
TEACHERS COLLEGE COLUMBIA UNIVERSITYTC Annuitant 70 years old
Basic Gift Illustrations
Summary of Benefits
5.8% Charitable Gift Annuity
ASSUMPTIONS:
Annuitant: 70
Principal Donated: $10,000.00
Cost Basis: $10,000.00
Annuity Rate: 5.8%
Payment Schedule: quarterly
BENEFITS:
Charitable Deduction: $3,802.20
Annuity: $580.00
Tax-free Portion: $389.76
Ordinary Income: $190.24
After 15.9 years, the entire annuity becomes ordinary income.
