Charitable Gift Annuity—Immediate Payment

Immediate-Payment Charitable Gift Annuity Diagram

How It Works

  1. Transfer cash or other property to Queens College
  2. Queens College agrees to make payments for the life of one and up to two annuitants (payments are backed by our entire assets)
  3. The balance of the transfer inures to Queens College

Benefits

  • Payments for life that are favorably taxed
    1. When gift is funded with cash, part of payment will be tax-free
    2. When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
  • Federal income-tax deduction for a portion of your gift
  • Gift will provide generous support for Queens College

More Information

Contact Us

Laurie Dorf
VP Institutional Advancement
718-997-3920
laurie.dorf@qc.cuny.edu

 

Queens College
65-30 Kissena Boulevard
Flushing, NY 11367

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