The Charitable Gift Annuity
Immediate Payment
How Does It Work
- Transfer cash or other property to the Georgia Tech Foundation
- The Georgia Tech Foundation guarantees to make lifetime payments for up to two annuitants
Benefits
- Guaranteed payments for life that are favorably taxed
- When gift is funded with cash, part of payment will be tax-free
- When gift is funded with appreciated stock, part will be taxed as capital gain, part can 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 Georgia Tech
