A Legacy of Excellence

Gift Planning

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Flexible Deferred Gift Annuity

Maria is a 54-year-old executive at a large healthcare company. She purchased company stock during years when the stock price was low, and now the stock has grown substantially in value.

Maria and her spouse, Luis, sold a vacation home earlier this year and are looking for a way to offset the capital gains tax owed from the sale. Maria enjoys the challenge and responsibility of her job and is not quite ready to retire. But, she is looking at planning options for retirement.

Maria: "We needed a charitable deduction to avoid paying the taxes we owed from the sale of our second home. We spent years volunteering at Marlborough while our daughter was a student there and wanted to find a way to make a special gift to help further its work this year."
Luis: "Maria and I are both in good health, and still enjoy working. We are living comfortably on our current salaries but are looking for ways to plan for retirement. We aren't quite certain when we'll retire, so we wanted to find an option that would let us be flexible with our retirement dates."
Maria: "A gift planner from Marlborough told us that a flexible deferred gift annuity would help us meet our goals. Instead of selling our appreciated stock and paying high capital gains tax, we could give it to the school and receive an immediate charitable tax deduction to offset our current tax bill. The flexible deferred gift annuity would permit us to elect to begin taking payments for life once we're ready to retire."
Luis: "We decided to set up the flexible deferred gift annuity. We received a charitable tax deduction in the year that the gift was made and experienced immediate tax savings. When we are ready to retire, we will contact Marlborough to begin payments, giving us the flexibility to continue working as long as we would like. In addition, the flexible deferred gift annuity makes it possible for us to receive a large portion of each payment tax-free, and this is an attractive benefit!"

What is a charitable gift annuity?

A charitable gift annuity is a gift made to Marlborough that can provide you with a secure source of fixed payments for life.

Deferred gift annuity video

Is a flexible deferred gift annuity right for you?

If you are interested in a charitable gift annuity but don't have a present need for the annuity payout, a flexible deferred annuity could be the right gift for you. You decide when you want to begin receiving the annuity payout. The longer you defer the payments, the higher the payout.

Please note: The information above is representative of a typical donor and may or may not be an actual donor to our organization. Since your gift annuity benefits may be different, you may want to create a printable illustration of your benefits by using the calculator on this page.

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Calculate Benefits

The deferred gift annuity calculator generates a printable presentation that shows how you can benefit from fixed payouts beginning at a date more than one year from your gift.

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Number of Beneficiaries

One Two

Click the appropriate button for a presentation of one or two beneficiaries. Selecting one beneficiary will cause the second beneficiary and the associated name and birthdate fields to be hidden from view.

First Beneficiary

Enter the name of the person. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", "Sr.", etc. For the remainder unitrust the first person is the first income recipient or beneficiary of the agreement.

First beneficiary is required

Birthdate

Month:

Day:

Year:

Please enter a valid birthdate for the first beneficiary

Birth month of the first beneficiary is required

Birth day of the first beneficiary is required

Birth year of the first beneficiary is required

Second Beneficiary

Second beneficiary is required

Birthdate

Month:

Day:

Year:

Please enter a valid birthdate for the second beneficiary

Birth month of the second beneficiary is required

Birth day of the second beneficiary is required

Birth year of the second beneficiary is required

Payout Date

Month:

Day:

Year:

Please enter a valid payout date

Payout month is required

Payout day is required

Payout year is required

Enter the date of the first payment to be made on this annuity.

Income Tax Rate

Select the current federal income tax rate of the donor. This will be used to project possible income tax savings. If you are uncertain about the correct rate, you may choose one of the middle rates. For many people, this will be close to their actual income tax rate.

Property Value $

Please enter a valid property value

Property value is required

Enter the amount of cash or the fair market value (FMV) of the asset(s) used to fund the CGA. For assets such as real estate, closely-held stock and other hard to value assets, the FMV is the appraised value of the property on the date of the gift.

Cost Basis $

Please enter a valid cost basis

Cost basis is required

Enter the cost basis of the asset being used to fund the trust or annuity. If the asset is cash, the cost basis is equal to the gift amount. If it is appreciated property, the cost basis will most likely be the amount you originally paid for the property. The cost basis is used to determine the capital gains tax which will be bypassed as a result of selling the asset. If the cost basis is not known or cannot be proven, the IRS assumes the cost basis to be $0. If cash funds the gift annuity, enter the same value as "Value of Property."

Payment Frequency

Select either monthly, quarterly, semiannual, or annual income payments to the beneficiary(ies) of the income. The choice of payment frequency does affect the amount of the charitable deduction as the more frequent the payment (i.e. monthly as opposed to annually), the smaller the donor's tax deduction.

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