Charitable Gift Annuity—Immediate Payment

Immediate-Payment Charitable Gift Annuity Diagram

How It Works

  1. Transfer cash or other property to William Paterson
  2. William Paterson agrees to make payments for the life of one and up to two annuitants (payments are backed by our entire assets)
  3. The balance of the transfer inures to William Paterson

Benefits

  • Payments for life that are favorably taxed
    1. When gift is funded with cash, part of payment will be tax-free
    2. When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
  • Federal income-tax deduction for a portion of your gift
  • Gift will provide generous support for William Paterson

More Information

Contact Us

Judy Linder
Director of Major Gifts and Planned Giving
Phone: 973-720-2309
Email: linderj@wpunj.edu

 

William Paterson University Foundation
300 Pompton Road
Wayne, NJ 07470

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