The CMC Charitable Gift Annuity
A charitable gift annuity (CGA) is a simple contractual agreement between you and CMC. In exchange for your irrevocable gift of cash or securities, CMC agrees to pay a fixed sum to one or two people, each year, for life. The payments are a legal obligation of the College and are guaranteed by the general resources of CMC. The older you are when you create the gift annuity the higher your gift annuity rate.
How You Benefit
- Lifetime Income With payments for life, you cannot outlive your annuity.
- Meaningful Gift You will enjoy the satisfaction derived by making a gift that will help to ensure that the best of CMC endures for generations.
- Eliminate Investment Risk Fixed payments eliminate the impact of market volatility.
- Charitable Deduction Your gift qualifies for a charitable income tax deduction equal to a portion of your gift amount.
- Attractive Rates CMC annuity rates are among the highest in the country.
- Tax-Advantaged Payments A portion of each payment will be tax-free, capital gain (if funded with appreciated securities), and ordinary income.
- Secure Payments Your annuity payments are guaranteed by all of the
assets of Claremont McKenna College; now over $600 million. The College has
earned an Aa2 (double A-2) credit rating from Moody Investor Services.
The CMC Gift Annuity is not available to New York residents.
Go to: CMC Gift Annuity Rates
Copyright © Claremont McKenna College, All rights reserved.
The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.
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