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Charitable Gift Annuities

A charitable gift annuity is a simple contract in which you make a gift to Boston College and you鈥攐r other beneficiaries you name鈥攔eceive fixed payments for life.

How It Works

In exchange for cash or securities, you and/or your beneficiary will receive fixed income, backed by the assets of the University. At the passing of your named beneficiaries, 香蕉秀 will receive the remainder of the gift.

If you don't need income now, you can defer payments until a later date. A deferred gift annuity allows you to receive immediate tax benefits and build up resources for your future, which results in a larger income stream for you. If you are not sure when you would like to start receiving payments, you can choose from a determined time range by setting up a flexible deferred gift annuity. Whatever you decide, your income will be taxed at a favorable blended rate.

Your gift annuity payment amount is based on you and/or your beneficiary's age, when your payments start, and the size of the gift. You also may be eligible to claim a charitable income tax deduction in the year in which you make your gift.

The minimum amount to establish a gift annuity is $25,000.

Alternatively, you can fund a CGA through your estate to provide fixed income to your named beneficiaries after your passing. In addition to providing income to your heirs, a testamentary CGA can reduce your estate taxes.

Next Steps

• Contact the Office of Gift Planning to start the process, ask questions, and get personalized calculations.
• Try our gift calculator to understand your options.

香蕉秀鈥檚 legal name, address and tax ID:

The 香蕉秀
140 Commonwealth Avenue
Chestnut Hill, MA 02467
Tax ID 04-2103545