Benefit from Your Gift to Northwestern

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 Free Brochure

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.

Please provide the following information to view the brochure.

Celebrating Northwestern Memories with a Gift

donorsOver 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.”

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See How a Charitable Gift Annuity Works

Learn How to Fund It

You can use the following assets to fund a charitable gift annuity:

Calculate Your Benefits

Submit a few details and see how a charitable gift annuity can benefit you.

See My Benefits

Next Steps

  1. Contact Northwestern Gift Planning at 800-826-6709 or giftplanning@northwestern.edu for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Northwestern.
  2. Seek the advice of your financial or legal adviser.
  3. 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

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 Free Brochure

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A charitable bequest is one or two sentences in your will or living trust that leave to Northwestern a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Northwestern [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Northwestern or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Northwestern as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Northwestern as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Northwestern where you agree to make a gift to Northwestern 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.

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