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GIFT ANNUITIES

With a Gift Annuity, a donor gives cash or property to the college in return for a fixed annual dollar payment (an annuity) for her/himself and/or others. Such annuity payments can begin immediately or be deferred to a future date (which usually increases the payments substantially). A federal income tax deduction for the gift value of the contribution (based on the amount given, the age of the annuitants, and the annuity to be paid) is one of several tax benefits associated with the Gift Annuity. Another is that the federal capital gains tax for gifts of appreciated property is often reduced substantially. Finally, a portion of the annuity paid each year may be tax free. (Note: Please contact the Institutional Advancement Office for an explanation of the Gift Annuity acceptance policy.)

"A gift annuity is an excellent means of turning appreciated assets or cash into a steady income stream.... Payments are guaranteed for the lifetime of the annuitant."
-Carolyn M. Osteen, Attorney

Those interested in learning more about the Gift Annuity are advised to speak with their legal/tax advisors and with Institutional Advancement.
 
 

Contact Us

Institutional Advancement
Hampshire College
893 West Street
Amherst, MA 01002-3359
800.619.4267 (toll free)
413.559.5574 (local)
413.559.6054 (fax)
inst-adv@hampshire.edu
 

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