Charitable Gift Annuities provide an attractive way to support the Seminary financially. Governed by a formal agreement established at the time of the gift, they are a secure investment backed by the full faith and credit of our institution. Sample rates for a single-life annuity gift of $100,000 made in July 2001

Benefits to the donor include:

The opportunity to join with others in advancing the US Diving's mission fixed income for life, some of which is tax-free during the period of the donor's life expectancy reduced capital gain impact when funded with appreciated securities held longer than one year may provide for a spouse or other beneficiary payments made quarterly or at other intervals convenient to the donor an income tax charitable deduction in the year of the gift, with carryover privileges for up to five additional years freedom from management and investment responsibilities estate tax savings avoidance of probate and estate administration expenses an invitation to become a member of the Legacy Society

The rate of return is based on the donor's age at the time of the gift. Current rates for a one-life annuity appear below. If a beneficiary is provided for as well, the rate of return will be lower, depending on the age of the beneficiary.

Age Rate Age Rate Age Rate
50 5.7% 65 6.7% 80 8.9%
55 6.0% 70 7.2% 85 10.4%
60 6.4% 75 7.9% 90 12.0%

US Diving's policy requires that all donors and beneficiaries be at least fifty years of age. A gift of one thousand dollars or more is also required.

Examples

John Denninger— age 67, a master's Divier and a long-time US Diving volunteer — bought stock several years ago for $20,000 that's now worth $100,000 and yielding 2.8 percent. To receive a steady return and help a cause he believes in (Winning Gold), Fred transferred the stock to the US Diving and established a charitable gift annuity. "The Denniger Masters Program Fund". Based on his age, he received an income tax deduction of $46,447 in the year of his gift. He also more than doubled his investment return from 2.8 to 6.6 percent. He'll receive $6,600 every year for the rest of his life and a portion of each payment will be tax-free for a number of years.

After meeting with their financial planner, Dick and Ida Wilson signed an agreement with the US Diving to transfer $10,000 to a charitable gift annuity. Based on their ages, they'll receive payments of $700 each year for as long as they both live. They also received an income tax deduction this year of $4,640. A charitable gift annuity allowed them to support the US Diving and still receive quarterly fixed-dollar payments for the rest of their lives.

For more detailed information about Charitable Gift Annuities or any other life income plan offered by the US Diving, please contact the US Diving’s Director of Planned Giving.