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Coming soon: a slight change in payout rates for new charitable gift annuities

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If you’re 55-80 you can now receive more cash back from a charitable gift annuity that you establish on July 1, 2010, or after.

Effective July 1, gift payout rates are 0.1–0.2 percent higher for people in that age group. The change comes as a result of a vote by the American Council on Gift Annuities board of directors, which recommends payout rates for charitable gift annuities.

With a charitable gift annuity, you give a gift to the University of Texas Foundation and receive fixed payments for life. Your initial gift is partially income tax–deductible, your payments are partially income tax–free for many years, and your payments are not affected by ups and downs in the economy. The annuity can be for one or two people, so your spouse or another loved one can also receive payments for life. If you use appreciated stock to make a gift, you can usually eliminate capital gains tax on a portion of the gift and spread the rest of the gain over your life expectancy.

See the new rates effective July 1.

Now may be a good time for you to set up your charitable gift annuity with The University of Texas Foundation. Please contact our Gift Planning team for more information.

Gift Planning
Phone: 512-475-9632
Toll-free: 866-4UTEXAS
Fax: 512-471-3439