Charitable Gift Annuity
A very popular life income arrangement, a charitable gift annuity, is a simple contract between you and Hellenic College and Holy Cross Greek Orthodox School of Theology. You make a gift and, in return, receive:
- Guaranteed fixed-income payments for you and/or another beneficiary for life. The rate is based on your age, the number of annuitants and the date of gift. If the gift is made in cash or non-appreciated assets, a portion of the income payment will be tax-free.
- A substantial charitable income tax deduction in the year the gift is made. Any excess can be carried forward for five years.
- Minimization of capital gains tax on appreciated, long-term property.
- The payout rate on a gift annuity is based on the age of the beneficiary, or beneficiaries, at the time the gift is made. The guaranteed fixed payout rates are particularly beneficial if you are 55 years or older. Income can be paid to you on an annual, semi-annual or quarterly basis.
As stated previously, the material in this entire section ("Giving Opportunities") of our website is designed to furnish our alumni and friends with general information. It is not intended as legal or financial advice. When considering a charitable gift, be sure to consult your attorney, professional adviser or accountant to ensure that it meets your individual circumstances. The Office of Institutional Advancement will be happy to assist you and your advisers in developing an approach that will best fit your needs and desires. If you would like further information concerning giving opportunities, please contact the Office of Institutional Advancement, Hellenic College and Holy Cross Greek Orthodox School of Theology, 50 Goddard Avenue, Brookline, MA 02445, (617) 731-3500.