Charitable Gift Annuity—Immediate Payment

Immediate-Payment Charitable Gift Annuity Diagram

How It Works

  1. Transfer cash or other property to the U of I Foundation
  2. The U of I Foundation guarantees to make lifetime payments for up to two annuitants

 Benefits

  • Guaranteed 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 the U of I Foundation

More Information

Contact Us

University of Illinois Foundation
Office of Gift Planning and Trust Services
1305 W. Green Street MC-386
Urbana, IL 61801

 

(217) 244-0473 phone
(217) 333-5577 facsimile
GPinfo@uif.uillinois.edu

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