Skip to Content

New Charitable Gift Annuity Rates Coming!

We have some exciting news that can boost your retirement income and support McDaniel College. Effective July 1, 2018, charitable gift annuity rates will increase.

How It Works

The concept is simple. With a charitable gift annuity, you make a donation using cash, marketable securities or other assets, and we, in turn, pay you a fixed amount for life. With this type of gift, you can feel secure knowing you can count on receiving stable payments for as long as you live. If you make your gift on or after July 1, the gift annuity rates will be an estimated 30 to 50 basis points higher than current rates based on your age at the time of the gift.

Now is the time to contact Lawrence "Chip" Junkin, M'15 at (410) 857-2256 or cjunkin@mcdaniel.edu to begin planning your gift!

Here’s an Example of How You May Benefit

Under the current rate schedule, Mary, 79, transfers $25,000 in exchange for a charitable gift annuity. She will receive annual payments of $1,650, a rate of 6.6 percent. Instead, if Mary waits to make her gift on or after the new rate schedule is in place on July 1, the same gift amount will provide $1,775 in annual payments, reflecting a 7.1 percent rate. That’s a payout rate increase of approximately 7.5 percent.

New Rate Charts (effective July 1, 2018)
One Recipient Two Recipients
Age Rate Ages Rate
60 4.7% 60/65 4.3%
65 5.1% 65/70 4.7%
70 5.6% 70/75 5.2%
75 6.2% 75/80 5.7%
80 7.3% 80/85 6.6%
85 8.3% 85/90 8.0%
90+ 9.5% 90/95+ 9.3%

Additional Benefits

Beyond increasing your retirement income as you help shape The College’s future, gift annuities offer you tax benefits, including:

  • A partial income tax charitable deduction now for your gift when you itemize.
  • Part of each payment is income tax-free throughout your estimated life expectancy.

Tip: Consider Giving Appreciated Assets

Funding a gift annuity with appreciated assets, such as securities, will not only provide you with reliable payments for life and allow you to support The College’s work, but it can offer financial benefits. You will receive a federal income tax charitable deduction (when you itemize) in the year the gift is made and eliminate part of the capital gains tax you would have paid if selling the securities.

We Can Help

We would be happy to send you a free, no-obligation illustration showing you the increased benefits you can receive from a charitable gift annuity if you make your gift on or after July 1, 2018. Your personalized illustration will include your potential income tax charitable deduction and our annual payments to you for life. Contact Lawrence "Chip" Junkin, M'15 at (410) 857-2256 or cjunkin@mcdaniel.edu to begin.

eBrochure Request Form

Please provide the following information to view the brochure.

Ways To Give picture of our Alumni
Going the Distance

"Whether training for the triathlon or aiming for college, it takes hard work and dedication to hit the mark. But sometimes, hard work just isn’t enough. Generous scholarships gave us the boost we needed for college, and now we are paying it forward through annual donations and a planned gift to keep the momentum going for students today and tomorrow."

Find out more by emailing Lawrence "Chip" Junkin, M'15 or calling him at (410) 857-2256.

 

McDaniel College • Office of Major and Planned Gifts
2 College Hill Westminster, Maryland 21157 • 410-857-2250

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.