Charitable Gift Annuities

A charitable gift annuity allows you to gain the security of a fixed, guaranteed income for life, receive a tax deduction for a portion of your gift, and make a gift to Carleton that you may not have thought possible.

Calculate your estimated payments with our life income gift calculator!

  • Income for Life: An annuity is payable for life to one or two people age 65 or older, so you cannot outlive your annuity payments.
  • Eliminate Investment Risk: Your annuity payments — at a fixed amount — will remain constant regardless of market volatility.
  • Charitable Deduction: You are entitled to a current charitable income tax deduction for a portion of your gift amount.
  • Capital Gains Benefits: If your annuity is funded with appreciated stock, you avoid paying capital gains tax on some of the appreciation, and spread the remaining capital gains over your anticipated life expectancy.
  • Tax-advantaged Income: Depending on the assets used to fund the annuity, each annuity payment typically consists of a tax-free return of principal, capital gain, and ordinary income.
  • Secure Payments: Your annuity payments are guaranteed by all of Carleton College’s assets (now more than $1.1 billion). The College has earned an Aa2 credit rating from Moody Investor Services.

The suggested minimum for establishing a charitable gift annuity at Carleton is $10,000.

Download more information on charitable gift annuities.

Flexible Deferred Gift Annuities

If you don’t need income right away, you can obtain both a higher payout rate and a larger charitable deduction by establishing a flexible deferred gift annuity. A flexible deferred gift annuity allows you to receive a guaranteed, fixed income for life that begins when you need it, and receive a tax deduction for a portion of your gift to Carleton.

  • Income for Life: An annuity is payable for life to one or two people age 65 or older, so you cannot outlive your annuity payments.
  • You Control When Income Begins: Annuity payments are deferred until you choose to start them (at age 65 or older), with a minimum required deferral period of one year.
  • Charitable Deduction: You are entitled to a current charitable income tax deduction for a portion of your gift amount.
  • Capital Gains Benefits: If your annuity is funded with appreciated stock, you avoid paying capital gains tax on some of the appreciation, and spread the remaining capital gains over your anticipated life expectancy.
  • Tax-advantaged Income: Depending on the assets used to fund the annuity, each annuity payment typically consists of a tax-free return of principal, capital gain, and ordinary income.
  • Secure Payments: Your annuity payments are guaranteed by all of Carleton College’s assets (now more than $1.1 billion). The College has earned an Aa2 credit rating from Moody.

The suggested minimum for establishing a flexible deferred gift annuity at Carleton is $10,000.

Download more information on flexible deferred gift annuities.

Charitable Gift Annuity Funded with your IRA

Use a Qualified Charitable Distribution (QCD) and make a gift to Carleton directly from your IRA to fund a charitable gift annuity. You’ll gain the security of a fixed, guaranteed income for life.

  • Your gifts may count toward your Required Minimum Distribution (RMD) but do not count as income for federal income tax purposes.
  • If you’ve already used up your charitable deductions or do not itemize your deductions, you can still make gifts through a QCD.
  • Income for Life: The annuity is payable for your life and/or the life of your spouse, so you cannot outlive your annuity payments
  • Eliminate Investment Risk: Your annuity payments — at a fixed amount — will remain constant regardless of market volatility.
  • Secure Payments: Your annuity payments are guaranteed by all of Carleton College’s assets (now more than $1.1 billion). The College has earned an Aa2 credit rating from Moody.

Contact us or download more information if you’re interested in funding a charitable gift annuity with your IRA.