Plan for your future and Wheaton's

Your planned gift creates lasting impact and strengthens your financial future.

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Deferred Charitable Gift Annuity

Your gift annuity provides immediate support for Wheaton while generating a future income stream for your retirement or other needs.

Benefits of a deferred charitable gift annuity

Receive a charitable income tax deduction for a gift you make today.
Receive fixed payments at a future date or time that you designate (more than one year in the future).
Benefit from payments that may be partially tax-free.
Further Wheaton's mission with your gift.

Deferred gift annuity video

How a deferred charitable gift annuity works

You transfer cash or property to the college.
In exchange, we agree to pay fixed payments to you for life at a future date or time you select. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.
You may benefit from an immediate charitable income tax deduction for the gift portion of the annuity.
You also receive satisfaction, knowing that your support will further Wheaton's mission to provide a quality liberal arts education for all students.

If you don't know when you will retire or need the payments to begin, there are flexible payment options available.

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Booklet

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Calculate Benefits

The deferred gift annuity calculator generates a printable presentation that shows how you can benefit from fixed payouts beginning at a date more than one year from your gift.

* Required fields

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Number of Beneficiaries

One Two

Click the appropriate button for a presentation of one or two beneficiaries. Selecting one beneficiary will cause the second beneficiary and the associated name and birthdate fields to be hidden from view.

First Beneficiary

Enter the name of the person. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", "Sr.", etc. For the remainder unitrust the first person is the first income recipient or beneficiary of the agreement.

First beneficiary is required

Birthdate

Month:

Day:

Year:

Please enter a valid birthdate for the first beneficiary

Birth month of the first beneficiary is required

Birth day of the first beneficiary is required

Birth year of the first beneficiary is required

Second Beneficiary

Second beneficiary is required

Birthdate

Month:

Day:

Year:

Please enter a valid birthdate for the second beneficiary

Birth month of the second beneficiary is required

Birth day of the second beneficiary is required

Birth year of the second beneficiary is required

Payout Date

Month:

Day:

Year:

Please enter a valid payout date

Payout month is required

Payout day is required

Payout year is required

Enter the date of the first payment to be made on this annuity.

Income Tax Rate

Select the current federal income tax rate of the donor. This will be used to project possible income tax savings. If you are uncertain about the correct rate, you may choose one of the middle rates. For many people, this will be close to their actual income tax rate.

Property Value $

Please enter a valid property value

Property value is required

Enter the amount of cash or the fair market value (FMV) of the asset(s) used to fund the CGA. For assets such as real estate, closely-held stock and other hard to value assets, the FMV is the appraised value of the property on the date of the gift.

Cost Basis $

Please enter a valid cost basis

Cost basis is required

Enter the cost basis of the asset being used to fund the trust or annuity. If the asset is cash, the cost basis is equal to the gift amount. If it is appreciated property, the cost basis will most likely be the amount you originally paid for the property. The cost basis is used to determine the capital gains tax which will be bypassed as a result of selling the asset. If the cost basis is not known or cannot be proven, the IRS assumes the cost basis to be $0. If cash funds the gift annuity, enter the same value as "Value of Property."

Payment Frequency

Select either monthly, quarterly, semiannual, or annual income payments to the beneficiary(ies) of the income. The choice of payment frequency does affect the amount of the charitable deduction as the more frequent the payment (i.e. monthly as opposed to annually), the smaller the donor's tax deduction.

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