Charitable Gift Annuity
There's a way for you to support New Mexico State University and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
This type of donation can provide you with regular payments and allow us to further our work. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Gifts That Pay
If you are older than 60 or don't need your payments immediately, you can set up a deferred gift annuity.* This allows you to delay receiving payments until a later date—such as when you reach retirement.
* All CGA donors must be at least 70 years old. Deferred Gift Annuities (DCGA’s) will be accepted from donors at least 60 years of age; payout will not begin until payee reaches 70. Eligibility for acceptance of any CGA will be evaluated on a case by case basis.
See How It Works
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to the NMSU Foundation but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 3.9%, which means that they will receive $780 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $4,878* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support NMSU's mission.
*Based on a 1.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Your Resources
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.
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