Charitable Gift Annuity

A charitable gift annuity is a simple and rewarding agreement between you and the Slippery Rock University Foundation. In exchange for your irrevocable gift of cash, securities, or other assets, the Foundation agrees to provide fixed payments for life to one or two beneficiaries you designate.

The amount of the annuity payments is based primarily on the age(s) of the beneficiary(ies) at the time the gift is established. Generally, older beneficiaries qualify for higher payment rates. Payments are backed by the general assets of the Slippery Rock University Foundation, Inc., providing a dependable source of income for life.

In many cases, a portion of each payment is tax-free, enhancing the after-tax value of the income you receive. Payments may be made annually, semiannually, or quarterly. You may also choose to defer payments to a future date, which can result in higher payment amounts when they begin.

Benefits of a Charitable Gift Annuity
  • Receive an immediate federal income tax charitable deduction.
  • Provide one or two beneficiaries with fixed, guaranteed payments for life.
  • Benefit from favorable tax treatment, as a portion of payments may be tax-free.
  • Potentially reduce estate taxes and probate costs.
  • Choose when payments begin, including the option to defer payments for increased future income.
  • Create a lasting legacy while supporting the mission and future of Slippery Rock University.

Interested in learning more?

Email Us or call 724.738.2004