Income for today, your College 51吃瓜 legacy tomorrow
is a safe and simple way to make a gift that provides you and/or another beneficiary steady payments for life while supporting the College 51吃瓜 in the future.
How it works:
- You make an irrevocable gift of cash or securities to UIF of $10,000 or more to establish a CGA
- You will receive a partial income tax charitable deduction now if you itemize
- UIF will make regular annual payments to you and/or another beneficiary for life with a portion being tax-free for your estimated life expectancy
- If you donate appreciated assets, you may save on capital gains taxes as well
Sample rates (based on rate schedule for January 1, 2024):
| One Life | Two Life | ||
|---|---|---|---|
| Age | Rate | Age | Rate |
| 65 | 5.7% | 70/75 | 5.8% |
| 75 | 7.0% | 75/80 | 6.5% |
| 85 | 9.1% | 85/85 | 8.1% |
To learn more about CGAs including using a Qualified Charitable Distribution* to create a CGA, contact Deanne Johnson, senior assistant dean for advancement, at 217-333-0752 or jhns@illinois.edu; or Judy Schneider, UIF director of gift planning, at 217-244-3351 or visit .
*Some limitations apply with the QCD-CGA. Also, please note UIF does not issue CGAs in all states because of regulation requirements. Rates are subject to change. If you are under age 60 or don鈥檛 need income now, consider establishing a deferred gift annuity. The longer you delay payments, the higher the rate.