Charitable Gift Annuity

CGA Diagram

How It Works

  • You transfer cash or securities to the University of South Carolina Educational Foundation.
  • The University of South Carolina Educational Foundation pays you, or up to two annuitants you name, fixed income for life.
  • The remaining balance passes to the University of South Carolina Educational Foundation when the contract ends at the death of the last annuitant.

Note:

  • Annuitants must be at least 55 at the time of the gift.
  • Our minimum gift requirement is $50,000.

Benefits

  • Receive dependable, fixed income for life in return for your gift.
  • In many cases, increase the yield you are currently receiving from stocks or CDs. 
  • Receive an immediate income tax deduction for a portion of your gift.
  • A portion of your annuity payment will be tax free.
  • Make a significant gift to benefit the University of South Carolina Educational Foundation.

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