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Deferred gift annuity

DGA Diagram

How It Works

  • You transfer cash or securities to the WVU Foundation.
  • Beginning on a specified date in the future, the Foundation begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
  • The remaining balance benefits any part of WVU you choose when the payout ends.

Note:

  • You must be at least 50 to begin receiving payments.
  • The 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

  • Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
  • You can target your annuity payments to begin when you need them, such as retirement.
  • The longer you defer payments, the higher the effective rate you will receive.

Next: Tell me more...

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

Questions and Answers


How can this gift enhance my retirement savings?

May I choose the start date for my annuity payments?

Is it better to use gifts of cash or stock for my Deferred gift annuity?

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

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