Purdue University

Giving to Purdue

University Development Office

Charitable Gift Annuity

With this gift option, Purdue and the donor enter into an agreement under which Purdue agrees to pay the donor or other beneficiaries a fixed income for life in exchange for a gift of cash, marketable securities, or approved real estate. The minimum gift for a charitable gift annuity is $10,000. The annuity rate is based on the age of the donor or other beneficiaries. Charitable gift annuities are issued through the Purdue Research Foundation.

Taxation

  • Portion of the annuity payment initially is tax-free
  • Portion may be taxed as capital gain if funded with appreciated property
  • Balance of the payment is taxed as ordinary income

Benefits

  • Fixed annual income for life
  • Tax deduction based on the value of the assets and annuity rate
  • Reduced capital gains tax

Customize your own Charitable Gift Annuity by using Create Your Plan.