Charitable Gift Annuity

Gifts That Pay You Income

There is a way for you to support the University of Louisville and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity. 

With a charitable gift annuity you agree to make a gift to UofL and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support our work.

This type of donation can provide you with regular payments for life and allow UofL to further our mission. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction if you itemize.

Gifts That Pay

Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.

Please provide the following information to view the brochure.

Deferred Gift Annuity Request Form
First name is required
Last Name is required
Please include an '@' in the email address

See How It Works

An Example of How It Works

Immediate Payments

Campus photoOnce your gift is made, charitable gift annuities can start providing income payments monthly, quarterly, semi-annually, or annually for life. An example of how they work:

Dennis, 75, and Mary, 73, want to make a contribution to UofL but they also want to ensure that they have dependable income during their retirement years. They fund a $25,000 charitable gift annuity with appreciated stock that they originally purchased for $10,000.

Based on their ages, they will receive a payment rate of 5.1%, which means that they will receive $1,275 each year for the remainder of their lives. They’re also eligible for a federal income tax charitable deduction of $10,217* when they itemize.

*Based on a 3.6% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

 

Deferred Payments

Deferring annuity payments enables younger donors to receive tax benefits now and increase the income they receive—the longer the deferment the greater the payment. An example of how they work:

Campus photoCraig, 56, and Sarah, 55, want to make a charitable gift this year that will help their and the University of Louisville’s futures. They establish a $25,000 charitable gift annuity now that will provide income during their retirement years. They choose to defer payments until they are 71 and 70. Based on their current ages, they will receive a payment rate of 8.0%, which means that they will receive $2,000 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $11,178* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support UofL.

Please provide the following information to view the brochure.

Deferred Gift Annuity Request Form
First name is required
Last Name is required
Please include an '@' in the email address

*Based on a 2.0% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

Calculate Your Benefits

Input a few details and see how a charitable gift annuity can benefit you.

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Next Steps

  1. Contact Kathryn J. Sides, M.A., CFRE, CAP® at (502) 852-5051 or plannedgifts@louisville.edu for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with UofL.
  2. Seek the advice of your financial or legal advisor.
  3. If you include UofL in your plans, please use our legal name and federal tax ID.

Legal name: University of Louisville Foundation, Inc.
Address: 215 Central Avenue, Suite 212, Louisville, KY 40208
Federal tax ID number: 23-7078461

Payments for Life

Learn more about the many benefits of a charitable gift annuity in our FREE guide Charitable Gift Annuities: Gifts That Give Back.

Personal Estate Planning Kit

Our Top Free Resource

This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

Download My Kit