The charitable gift annuity is one of the simplest of life income gifts. In return for your irrevocable gift to the UC Davis M.I.N.D. Institute, you receive a fixed amount each year for the rest of your life.

With a charitable gift annuity you are entitled to an income tax deduction based on your age at the time of the gift. The rate of return on your annuity is also determined by your age. A portion of your annual annuity payment is tax-free, so the effective rate of return (including tax savings) is usually higher than prevailing market rates. If the annuity is purchased with appreciated securities, any capital gains tax that may be due is spread out over your life expectancy. Your annuity payments are contractually guaranteed by the University of California.

Upon request, we can give you sample calculations showing the annuity rate, annuity payments, charitable deduction, and projected cash flow. A charitable gift annuity can be established with a minimum gift of $10,000.

As with all aspects of estate and tax matters, you should seek qualified legal, tax, and financial advice in developing your plan.

If you have questions or need additional information, please contact Terri Contenti at (916) 703-0289 or terri.contenti@ucdmc.ucdavis.edu..

UC Davis Health System is recognized as a tax-exempt, 501(c) (3) public charity by the Internal Revenue Service. Your gift to the UC Davis M.I.N.D. Institute qualifies as a charitable deduction for federal tax purposes as permitted by law.