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Charitable Gift Annuities
(Gift illustration)
How it works
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You transfer cash or securities to Wharton. |
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Wharton pays you, or up to two annuitants you name, a lifetime annuity. |
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The principal passes to Wharton when the contract ends. |
Benefits
- You receive an immediate income tax deduction for a portion of your gift.
- Your lifetime annuity is backed by a reserve and the full assets of The University of Pennsylvania.
- Your annuity payments are treated as part ordinary income, part capital gains income (15%), and part tax-free income.
- If you used appreciated securities, your annuity payments may be treated as part capital gain income.
- You have the satisfaction of making a significant gift that benefits you now and Wharton later.
For more information
Email us, complete the personal illustration form, or call us at 215.898.1638 so that we can assist you through every step of the process.