Charitable Gift Annuities
Turn Your Generosity Into Lifetime Income
When you are looking for ways to help University of Houston-Victoria with our mission, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support University of Houston-Victoria's work while receiving fixed payments for life is a charitable gift annuity.
Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with University of Houston-Victoria you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Delay Your Payments
If you are younger than 60 or don't need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement.
Check Out This Potential Scenario
Say that Justin, 66, and Mary, 65, want to make a contribution to University of Houston-Victoria that will support our work for generations to come, but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity with University of Houston-Victoria. Based on their ages, they will receive a payment rate of 4.3 percent, which means that they will receive $860 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,745* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on annual payments and a 3.2 percent charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
- Contact Jesse D. Pisors at (361)570-4829 for additional information on beneficiary designations and how they can help support University of Houston-Victoria with our mission.
- Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
- If you name University of Houston-Victoria in your plans, please use our legal name and Federal Tax ID.
Legal Name: University of Houston-Victoria
Address: 3007 N. Ben Wilson, Victoria TX 77901
Federal Tax ID Number: 74-6001399
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.