Charitable Gift Annuities
When you are looking for ways to support Northwestern, you should not feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support the University while receiving fixed payments for life is a charitable gift annuity. This popular gift involves a simple contract between you and Northwestern. In return for a gift of cash or securities, the University agrees to pay you, and up to one other individual, a fixed amount of income for life.
Not only does this gift provide you with regular payments, it also allows the University to benefit. When you create a charitable gift annuity with Northwestern, you can receive a variety of tax benefits, including a federal income tax charitable deduction at the time you make the gift.
At Northwestern, the minimum gift required to establish a charitable gift annuity is $15,000.
Delay Your Payments
If you are younger than 60 or do not need your payments now, 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. To learn more, view and download the free guide Plan for Retirement with a Deferred Gift Annuity.
Celebrating Northwestern Memories with a Gift
Over the years, Dori Reiter ’51 and her husband, Rollin, remain engaged with Northwestern by attending reunions and other alumni events. In order to strengthen their connection, the couple has financially supported the areas of the University that are the most important to them. When the Reiters noticed that the funds in their bank account were earning very low interest rates, a charitable gift annuity was the ideal gift type to remedy the situation. Not only did they save on capital gains tax, but they also received an income tax deduction the year they made their gift. “It feels like we are getting more, even though we still made a charitable donation,” Dori says. “The check I receive each quarter is a reminder of the wonderful memories that I have of Northwestern.”
See How a Charitable Gift Annuity Works
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
- Contact Northwestern Gift Planning at 800-826-6709 or firstname.lastname@example.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Northwestern.
- Seek the advice of your financial or legal adviser.
- If you include Northwestern in your plans, please use Northwestern’s legal name and federal tax ID number.
Legal Name: Northwestern University
Address: 633 Clark Street, Evanston, Illinois 60208
Federal Tax ID Number: 36-2167817
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
This is not legal advice. Any prospective donor should seek the advice of a qualified estate and/or tax professional to determine the consequences of his or her gift.
Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association.