Gifts That Pay You Income
There’s a way for you to support New Jersey City University while securing your retirement years as well. How? Through a charitable gift annuity.
This type of gift can provide you with regular payments and allows us to continue helping our students succeed. You may also qualify for a variety of tax benefits, including a federal income tax charitable deduction (when you itemize).
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.
Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Charitable Gift Annuities: Gifts That Give Back.
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An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to support NJCU but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 5.1%, which means that they will receive $1,020 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,402* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support NJCU students.
*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
See Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.