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Giving

The Gift That Pays You…Even More!

You have a generous spirit. We know you care deeply for Alma College and want us to thrive for years and decades to come.

But you also have to deal with higher prices and market instability in the here and now. What to do?

Consider the gift that pays you: a charitable gift annuity. Payout rates are going up, so you can increase your income even more—and keep it that way no matter what the economy does.

How It Works

With a gift annuity, you make a donation using cash, marketable securities or other assets, and we, in turn, pay you a fixed amount for life. You’ll receive reliable, predictable payments for your lifetime (and the lifetime of a loved one, if you choose).

It’s a great time to contact Sherie L. Veramay at 989-463-7316 or veramaysl@alma.edu for a personalized illustration at no obligation.

For Example

Barbara, 72, transfers $25,000 in exchange for a charitable gift annuity.

With the old rates: Barbara received annual payments of $1,225, a rate of 4.9%.

With the new rates: Barbara receives annual payments of $1,375, a rate of 5.5%. This is a payout rate increase of approximately 0.6%.

New Rate Charts (effective July 1, 2022)

One Recipient

Age New Rate Old Rate
60 4.5% 3.9%
65 4.8% 4.2%
70 5.3% 4.7%
75 6.0% 5.4%
80 7.0% 6.5%
85 8.1% 7.6%
90+ 9.1% 8.6%

Two Recipients

Ages New Rate Old Rate
60/65 4.1% 3.7%
65/70 4.5% 4.0%
70/75 4.9% 4.3%
75/80 5.5% 4.9%
80/85 6.3% 5.8%
85/90 7.5% 7.1%
90/95+ 8.8% 8.4%

Additional Benefits

With this gift, you’ll also enjoy:

  • A partial income tax charitable deduction for your gift when you itemize.
  • Part of each payment is income tax-free throughout your estimated life expectancy.

Tip: Consider Giving Appreciated Assets

Funding a gift annuity with appreciated assets, such as securities, will not only provide you with reliable payments for life and allow you to support our work, but it can offer financial benefits. You will receive a federal income tax charitable deduction (when you itemize) in the year the gift is made and eliminate part of the capital gains tax you would have paid if selling the securities.

Request Your Personalized Example

We would be happy to send you a free, no-obligation calculation showing you the increased benefits you can receive from a charitable gift annuity. Your personalized calculation will include your potential income tax charitable deduction and our annual payments to you for life. Contact Sherie L. Veramay at 989-463-7316 or veramaysl@alma.edu to begin.

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