Charitable Gift Annuity*
Gifts That Pay You Income
There's a way for you to support University of the Cumberlands 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 our work. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
*On approval and at full discretion of the University.
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to Cumberlands but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 4.4%, which means that they will receive $880 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,819* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on a 3.6% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
See How It Works
- Contact William L. Stohlmann at 606-539-3571 or email@example.com for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Cumberlands.
- Seek the advice of your financial or legal advisor.
- If you include Cumberlands in your plans, please use our legal name and federal tax ID.
Legal Name: University of the Cumberlands, Inc.
Address: 6191 College Station Drive, Williamsburg, KY 40769
Federal Tax ID Number: Contact us for our Federal Tax ID Number.
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.