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Charitable Gift Annuities
(Gift illustration)
How it works
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You transfer cash or securities to Wharton. |
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Wharton pays you, or up to two annuitants you name, a lifetime annuity. |
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The principal passes to Wharton when the contract ends. |
Benefits
- You receive an immediate income tax deduction for a portion of your gift.
- Your lifetime annuity is backed by a reserve and the full assets of The University of Pennsylvania.
- Your annuity payments are treated as part ordinary income, part capital gains income (15%), and part tax-free income.
- If you used appreciated securities, your annuity payments may be treated as part capital gain income.
- You have the satisfaction of making a significant gift that benefits you now and Wharton later.
For more information
Email us, complete the personal illustration form, or call us at 215-898-6171 so that we can assist you through every step of the process.