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Charitable Gift Annuity

CGA Diagram

How It Works

  • You transfer cash or securities to the WVU Foundation.
  • The Foundation pays you or one other beneficiary you name fixed income for life.
  • The remaining balance benefits WVU, West Virginia 4-H, Potomac State College of WVU, WVU Institute of Technology, or the Mountaineer Athletic Club when the contract ends at the death of the last beneficiary and is used as you specify.

Note:

  • Beneficiaries must be at least 50 at the time of the gift.
  • Our minimum gift requirement is $25,000.
  • We cannot issue gift annuities to residents of Alabama, Arkansas, California, Hawaii, New Jersey, New York, Tennessee, and Washington because of burdensome state restrictions.
  • See the financial benefits for yourself with our Gift Calculator.

Benefits

  • Receive dependable, fixed income for life in return for your gift.
  • In many cases, increase the yield you are currently receiving from stocks or CDs. 
  • Receive an immediate income tax deduction for a portion of your gift.
  • A portion of your annuity payment will be tax-free.
Earl Morton '50 – Fixed income is important for my retirement needs. It's great that my support will also help future engineering majors.

Here are the current single-life payout rates:

Age:
Rate:
50
3.7
51
3.8
52
3.8
53
3.9
54
3.9
55
4.0
56
4.1
57
4.1
58
4.2
59
4.3
60
4.4
61
4.4
62
4.5
63
4.5
64
4.6
65
4.7
66
4.8
67
4.8
68
4.9
69
5.0
Age:
Rate:
70
5.1
71
5.3
72
5.4
73
5.5
74
5.7
75
5.8
76
6.0
77
6.2
78
6.4
79
6.6
80
6.8
81
7.0
82
7.2
83
7.4
84
7.6
85
7.8
86
8.0
87
8.2
88
8.4
89
8.7
90+
9.0
Effective 1/1/2012

Next: Tell me more...

Please contact us so that we can assist you through every step of the process.

Questions and Answers


How are the annuity payments guaranteed?

Is it better to give cash or appreciated securities for my gift annuity?

Can I include my children as income beneficiaries of my gift annuity?

What’s the difference between a commercial annuity and a charitable gift annuity?

Can I defer my annuity payments?

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