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, 75, and Mary, 73, 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 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. Finally, they know that after their lifetimes, the remaining amount will be used to support the NMSU Foundation’s mission.
*Based on annual payments and a 3.6% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
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.View My Guide
- Contact Steven Covington at (575) 646-3190 or (800) 342-6678 or email@example.com for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the NMSU Foundation.
- Seek the advice of your financial or legal advisor.
- If you include the NMSU Foundation in your plans, please use our legal name and federal tax ID.
Legal Name: New Mexico State University Foundation, Inc.
Address: P.O. Box 3590, Las Cruces, NM 88003
Federal Tax ID Number: 85-0170157