Charitable Gift Annuity

Gifts That Pay You Income

There is a way for you to support the University of Massachusetts Amherst Foundation and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity. Learn more about the many benefits of a charitable gift annuity in our FREE guide Charitable Gift Annuities: Gifts That Give Back.

With a charitable gift annuity you agree to make a gift to the UMass Amherst Foundation 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 the UMass Amherst Foundation to further our mission. You can also qualify for a variety of tax benefits depending on how you fund your gift.

If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.

And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $53,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.

Gifts That Pay Later

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.

See How It Works

An Example from UMass Amherst

Carol and Mark Taylor grew up near each other. But, it wasn’t until they both became UMass students that they met. Together, they’ve travelled the world, but always knew they wanted to give back to the place that meant so much to them. This desire, as well as a sense of gratitude for all the University gave them, led the Taylors to create a charitable gift annuity. This gift provides them with payments throughout their lives. Then after their lifetimes, the remainder will go to support students in Humanities and Fine Arts at the University of Massachusetts Amherst Foundation.

Read the Taylor's full story.

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Next Steps

Contact Joseph K. Jayne ’21MPP at 413-577-1418 or giftplanning@uma-foundation.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the UMass Amherst Foundation.
Seek the advice of your financial or legal advisor.
If you include the UMass Amherst Foundation in your plans, please use our legal name and federal tax ID.

Legal name: University of Massachusetts Amherst Foundation
Address: 134 Hicks Way, Amherst, MA 01003-9313
Federal tax ID number: Please contact us.

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.