FIXED AND SECURE INCOME FOR LIFE
Your payment rate will be locked in at the time you obtain your gift annuity. It will
not rise or fall with the economy. Instead, it will be the same amount every year
– and that can mean a lot in uncertain times.
When you compare Wilkes University’s gift annuity rates with what you might receive
from a savings account or certificate of deposit, you will likely be pleasantly surprised.
When you establish your gift annuity, you decide how often you want to receive your
payments. Whether you choose to receive checks or direct deposits every quarter, semiannually
or only once-a-year, whatever you choose, receiving your regular payments on a specific,
predetermined date is comforting and also helpful for planning purposes.
Gift annuities are for life. No matter what your age now or how long you live, payments
will continue right to the very end. This benefit of ongoing payments can provide
security for you as you grow older.
Wilkes University stands behind all our gift annuities. We have a reserve fund set
aside to meet our obligations. We want you to feel safe and secure and to have confidence
that your payments will continue without fail.
RELIEF FROM TAXES
Since part of your contribution for a gift annuity is considered a charitable gift
by the IRS, you will receive an income tax charitable deduction to apply on an itemized
return. Also, during your lifetime, you will be able to claim part of the annuity
payment as tax-free income.
Obtaining a gift annuity from Wilkes University is easy. We provide you with a tailor-made
illustration and materials you can share with your family and advisor(s).
Perhaps the greatest benefit we should note is the enormous satisfaction you will
receive for making a meaningful gift to Wilkes University.