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Gift Annuities

Gift Annuities: An attractive option for retirement income

Alverno College’s gift annuity program allows you to create a steady, dependable stream of lifetime income and an income tax charitable deduction. Plus, you have the knowledge that you are helping Alverno College.

Benefits of a gift annuity:

  • Attractive rates of return. Gift annuity rates usually surpass what you might receive from a certificate of deposit.

  • Regular payments. You will receive predetermined quarterly payments from your annuity, which is helpful for planning and budgeting purposes.

  • Fixed income. Your payment rate is locked in at the time you obtain a gift annuity.

  • Lifetime benefit. No matter what your age as an annuitant or how long you live, your payments will continue. And if you have a two-life gift annuity, when one person dies, the other can continue to receive the same amount for the rest of his or her life.

  • Dependable source. Alverno College has a reserve fund set aside to meet our annuity obligations and we back up our annuity obligations with the full financial assets of the College.

  • Relief from taxes. You will receive an income tax charitable deduction if you complete an itemized tax return and can claim part of the annuity payment as tax-free income.

  • Simple set up process. Obtaining a gift annuity from Alverno College is much easier than other financial transactions. We provide you with a customized illustration using your age, your spouse’s age (if appropriate) and the amount of your contribution. You then have this detailed illustration to share with your family and financial advisors.

Goal=3,000 Alum Gifts

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