Charitable Gift Annuities
If you are interested in receiving a reliable source of income for life, a high rate of return based on your age, and a charitable income tax deduction, all while building a lasting legacy at Washington State University, then a Charitable Gift Annuity with the Washington State University Foundation may be right for you.
How a Charitable Gift Annuity Works
|One Life||Two Lives|
Using the chart above, consider the following example: A couple (both 75) funds a Charitable Gift Annuity with the WSU Foundation using $50,000 in cash or securities. The WSU Foundation promises to pay the couple 5.6% of the principal, which is $2,800 per year during their lifetimes. When the last beneficiary dies, the gift annuity terminates, and WSU uses the remaining funds for the purpose specified by the couple in the Gift Use Agreement.
Attention California residents: Payments made under a Charitable Gift Annuity are subject to regulation by the California Insurance Department but are not insured or otherwise guaranteed by the California Life Insurance Guaranty Association.