Charitable Gift Annuity
Gifts That Pay You Income
There's a way for you to support WVU through the WVU Foundation and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
This type of donation can provide you with regular payments and allow us to further WVU's educational mission. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Please Note: The minimum age for a charitable gift annuity is 50 and the minimum gift amount is $25,000.
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
Not Sure How to Begin Planning?Download My FREE Personal Estate Planning Kit
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 50, we recommend that you learn more about your options with this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.Download Now
An Example of How It Works
Dennis, 75, and Mary, 73, want to make a contribution to the WVU Foundation but they also want to ensure that they have dependable income during their retirement years. They fund a $25,000 charitable gift annuity with appreciated stock that they originally purchased for $10,000.
Based on their ages, they will receive a payment rate of 5.1%, which means that they will receive $1,275 each year for the remainder of their lives. They are also eligible for a federal income tax charitable deduction of $10,217* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on annual payments and a 3.6% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Charitable Gift Annuities: Gifts That Give Back.View My Guide
- Contact Matthew Clark at 304-284-4033 or firstname.lastname@example.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the WVU Foundation.
- Seek the advice of your financial or legal advisor.
- Include the WVU Foundation in your plans, please use our legal name and federal tax ID.
Legal Name: West Virginia University Foundation, Inc.
Address: One Waterfront Place 7th Floor, PO Box 1650, Morgantown, WV 26507-1650
Federal Tax ID Number: 55-6017181