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?
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.