Charitable Gift Annuities

A charitable gift annuity is a simple contract with big results.

In exchange for your irrevocable gift of cash, securities, or other easily-converted assets, Widener University agrees to pay one or two beneficiaries you name a fixed sum each year for life. The older your designated annuitants are at the time of the gift, the greater the fixed income Widener University can agree to pay. In most cases, part of each payment is tax-free, increasing each payment's after-tax value.

Payments to annuitants may be made annually, semiannually, or quarterly. When the last beneficiary passes, the annuity's remaining principal passes to Widener University to be used in a manner you decide when the fund is established.

Because the payout from a CGA is a fixed amount, it provides a stable source of income from an asset that might not be generating any income for you now. There is a federal income tax benefit to the donors, both on the initial gift and on the annuity payments to the donor. These gifts may also help to reduce probate costs and estate taxes, and of course will untimately provide generous support to Widener University.

In some cases you may be able to defer the payout of a charitable gift annuity, providing an income tax deduction for a current year, and a stable income stream later; this is an effective way to support a balanced retirement portfolio.

The minimum gift to establish the annuity is $25,000, and gifts of larger amounts are always welcome.   For more information contact the Office of Development and Alumni Engagement at 610-499-1160, or call 1-888-WIDENER.

For more information including example illustrations, view our Widener University CGA primer (PDF).

Widener University recommends you consult with your preferred tax and estate planning professional before creating a charitable gift annuity. Charitable Gift Annuity illustrations are based on a variety of factors and will vary from situation to situation.