Gift Planning

Charitable Gift Annuity

A charitable gift annuity is a simple agreement between you and Smith College. In exchange for a gift of cash or appreciated assets, you receive fixed payments for life.

 

How It Works

  • You transfer cash or securities to Smith College. Our minimum suggested gift requirement is $10,000.
  • Smith College pays you, yourself and a spouse, or any two beneficiaries you name, fixed payment for life.
  • Beneficiaries are recommended to be at least 60 years of age at the time of the gift.
  • The remaining balance passes to Smith when the contract ends.

Benefits

  • Receive more income for your money because of higher rates.
  • Receive dependable cash-flow for life, regardless of fluctuations in the market.
  • In many cases, receive payments at a rate higher than the interest you are currently receiving on investments.
  • Receive an immediate income tax deduction for a portion of your gift.
  • A portion of your annuity payment will be tax-free for a number of years.
  • Are you a younger donor? Consider a deferred gift annuity.


The material presented on this Planned Giving website is not offered as legal or tax advice.
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Contact Us

Planning your estate and legacy for future generations, including your charitable interests, takes careful evaluation. Consulting with the appropriate professionals can assist you.

Office of Gift Planning

Dawes House
8 Bedford Terrace
Northampton, MA 01063

Phone: (800) 241-2056 (option 5) or (413) 585-2051
E-mail: gift_planning@smith.edu