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How Charitable Gift Annuities Work

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.

Use our PG Calc calculator.

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.

To learn more, please contact Director of Gift Planning Sue Ramsey ’91 at 877-304-SHAW or sue.ramsey@bc.edu.

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