Filano Hall
628 S. High Street
West Chester, PA 19383
Phone: 610-436-2868
Fax: 610-436-2606
Income Producing Gifts
A charitable gift annuity is a contract between the WCU Foundation and a donor. In exchange for a gift of cash or securities, the Foundation guarantees you (and another if you choose) a fixed annual lifetime income. Charitable gift annuities with the Foundation are NOT available in some states.
Benefits:
A partnership in the future of West Chester University - your gift may ultimately be added to an existing endowment or benefit a particular college, department, or program of your choice.
Attractive fixed payment rates for one beneficiary or for two beneficiaries.
Immediate income tax savings if you itemize deductions.
Tax-free income - a portion of your quarterly payment
may be tax-free for a period of years.
Capital gains relief and deferral at time of contribution.
Relief from investment management concerns and responsibilities.
A deferred charitable gift annuity is a charitable gift annuity under which payments are delayed for at least one year
after the annuity is established.
Differences from the standard charitable gift annuity include:
Significantly larger charitable deduction for the donor since the present value of the benefit is less.
The capital gain realized by the donor using appreciated assets will be relatively small and reporting may be deferred until
payments begin.
The deferred charitable gift annuity can be used to remove assets from an estate, provide professional management, and provide
quarterly payments during retirement years. This may be attractive for high-income individuals who need current tax relief
and increased income during retirement years. To inquire about rates contact: Norma T. Clayton, Director of Planned Giving.
Charitable Remainder Trusts are very flexible and can be designed to meet a variety of personal financial
and philanthropic goals. You can transfer cash and/or other assets to a trust that is created under the laws of your state of
residency. You may specify payments from the trust to you, or to one or more other persons for life or for a specific number of
years. At the end of the trust period, the ownership of the property remaining in the trust, known as the charitable remainder
is transferred to West Chester University of Pennsylvania for the purpose(s) that you have designated.
Benefits of a charitable remainder trust include:
Increase income from low-paying assets.
Delay or reduce income, estate and capital gain taxes.
Provide income for parents, children or other loved ones when needed and to make a gift to the University.
Provide professional management of the assets.
Charitable remainder trusts can be designed to meet differing goals. It is important to discuss your financial and
charitable goals with your advisors and with the Director of Planned Giving. For more information
contact: Norma T. Clayton.
