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Charitable Gift Annuity

You may be tired of living at the mercy of the fluctuating stock markets and low interest rates. A charitable gift annuity is a combination of an annuity and a gift to benefit The University of New Mexico. In exchange for your gift, the promises to make fixed payments for life to one or two annuitant(s). After all payments have been made, The University of New Mexico will receive the remaining funds.

Charitable Gift Annuity
Stock or Cash
Gift Annuity
Donor
UNMFDN
Charity image

Benefits of a charitable gift annuity

  • Receive fixed payments to you or another annuitant you designate for life
  • Receive a charitable income tax deduction for the charitable gift portion of the annuity
  • Benefit from payments that may be partially tax-free

The Details

  1. Rates are based on the age(s) of the annuitant(s).
  2. Minimum contribution to establish a gift annuity is $15,000.
  3. Minimum age for an annuitant is 55.
  4. Payments can start immediately or be deferred to a future date.
  5. The remaining funds can be directed to The University of New Mexico program or fund of your choice with a portion directed to the for administration of the annuity.
  6. The UNM Foundation offers annuities only to those residing in certain states.

How a charitable gift annuity works

  1. You transfer cash or securities to the .
  2. In exchange, the promises to make fixed payments to you or the person you choose for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.
  3. You will receive a charitable income tax deduction for the gift portion of the annuity.
  4. You also receive satisfaction, knowing that you will be helping The University of New Mexico.

If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.

Contact us

If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.

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