Charitable Gift Annuity
There's a way for you to support the University of Michigan-Dearborn and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
With a charitable gift annuity, you agree to make a gift to UM-Dearborn, 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. The balance is used to support our students, faculty, research, and the campus community.
This type of donation can provide you with regular payments for life and allow UM-Dearborn to further our mission. You can also qualify for various tax benefits depending on how you fund your gift.
If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.
And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $50,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend learning more about your options. Email Michelle Fallscheer at email@example.com If you're interested in receiving the free guide: Plan for Retirement With a Deferred Gift Annuity.
To learn more about leaving a legacy and including UM-Dearborn in your will or estate plan, contact Michelle J. Fallscheer 313-436-9182 or firstname.lastname@example.org. It is recommended that you seek the advice of your financial or legal advisor.
If you include UM-Dearborn in your plans, please use our legal name and federal tax ID.
Regents of the University of Michigan
3003 S. State Street, Ann Arbor, MI 48109
Federal Tax ID Number: 38-6006309