Deferred Charitable Gift Annuity

DGA Diagram

How It Works

  • You transfer cash or securities to the University of South Carolina Educational Foundation.
  • Beginning on a specified date in the future, the University of South Carolina Educational Foundation begins to pay you, or up to two annuitants you name, fixed annuity payments 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:

  • You must be at least 55 to begin receiving payments.
  • The minimum gift requirement is $50,000.

Benefits

  • Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
  • You can target your annuity payments to begin when you need them, such as retirement or when a grandchild needs help with tuition payments.
  • The longer you defer payments, the higher the effective rate you will receive.

Next