A charitable gift annuity is a contract in which, for an irrevocable gift, the College guarantees an annual fixed payment to one or two beneficiaries for life. The payment is based on the amount of the gift and the annuity rate. The annuity rate is determined by the age(s) of the beneficiary(-ies). The College is the final beneficiary of the remainder of the gift.
A gift annuity provides the donor a substantial charitable tax deduction, and much of the annual payment from the College may be tax-free for years. To evaluate rates and payments for a possible gift annuity to Thomas Aquinas College, please try our easy and confidential online calculator.
Note: The College does not provide legal or tax advice. For legal or tax advice on questions pertaining to charitable gift annuities, please consult an attorney.