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Life Income Gifts

How Life Income Gifts Work

You can make a gift to Boston College through a trust or annuity that will pay you and/or another beneficiary annual income for life.

Learn more about our two most popular options below.

Charitable Gift Annuities

Charitable trusts offer versatile giving options for those wishing to manage their wealth effectively while making a meaningful impact at the Heights.

A charitable gift annuity (CGA) is a simple contract between you and Boston College: By donating cash or securities to the University, BC agrees to pay you fixed annuity payments for life.

CGAs offer a secure income stream, and these fixed payments can help supplement income during your retirement years. Currently, gift annuity rates are more favorable than those for CDs and many fixed-income investments.

In addition, you receive valuable tax benefits, including a charitable income tax deduction for a portion of the gift and reduced capital gains tax when the annuity is funded with long-term appreciated securities.

How much income will I receive?

Use our PG Calc calculator

to view personalized calculations based on your age. Fixed annual payments are distributed quarterly.

Am I eligible?

Alumni and friends age 65 or older can benefit immediately from a CGA. Younger donors may choose a deferred gift annuity or DGA. With either option, the minimum qualifying gift is $25,000.

Can I name a second beneficiary?

Yes. You are welcome to include a second beneficiary; a spouse is most commonly named.

Charitable Trusts

Charitable trusts offer versatile giving options for those wishing to manage their wealth effectively while making a meaningful impact at the Heights.

With a charitable remainder trust, you can give a significant gift to BC while receiving income for life for you and your named beneficiaries. You’ll also gain a charitable income tax deduction and benefit from gift and estate tax savings.

The minimum qualifying gift is $100,000, and you can donate a wide variety of assets to a trust—cash, publicly traded securities, real estate, and other assets.

To discuss your giving options in confidence, please contact the Office of Gift Planning at 877-304-SHAW or legacygiving@bc.edu.

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