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Gift Annuities
The gift annuity agreement provides older donors who
give cash, securities, real estate, or personal
property with fixed annual payments for a specified
period of time, usually for life. With a deferred
gift annuity, the annual payments do not start when
the gift is made but begin at a later time specified
by the donor.
Gift annuities are attractive to donors who want to
receive income from assets that have risen sharply
in value, such as cash or stocks. In return for
gifts of such assets, LCSC guarantees the donor a
fixed annual income for the rest of their lives and
helps the donor avoid capital-gains tax. The donor
also gets an income-tax break on a portion of the
earnings from an annuity; the exact amount depends
on the donor’s age.
For more information on gift annuities, please
contact the College Advancement Office at (208)
792-2458.
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