Charitable Gift Annuity Illustration

Dr. and Mrs. Jones, ages 68 and 65, are interested in providing scholarship support at the Mailman School. They have $100,000 in securities, originally purchased for $75,000, for which they would like to receive income as well as a tax deduction. With this asset, they can create the Jones Scholarship Fund by establishing a charitable gift annuity, which will yield the following benefits:

• An immediate income tax deduction in the year of the gift of $34,467
• Guaranteed income payments, every year for life, of $6,600 (of which, more than $2,000 will be tax-free)
• No capital gains tax on the appreciated securities and,
• An eventual gift of principal to the Jones Scholarship Fund projected to exceed $250,000.

For a personalized illustration or to receive additional information about supporting the Mailman School through a charitable gift annuity, please contact:

Office of Development and Alumni Relations
msphgive@cumc.columbia.edu