Annuities
Adelphi offers incoming-producing plans that allow you to support the University while receiving income and a substantial tax reduction. These annuities give you the satisfaction of seeing the impact of your donation during your lifetime.
To create an annuity, you make a contribution of cash, securities, or other property to Adelphi. In return, you or others you designate will receive payment for life or for a term of years. When the plan terminates, the remaining principal passes to the University to be used to fund scholarships, support the faculty, or upgrade facilities.
In addition to supporting the University's goals, annuities provide many benefits to you as well. By establishing an annuity, you may:
- receive a fixed and dependable annual income for life
- provide annual income for other beneficiaries for a term of years
- take a substantial charitable income tax deduction
- eliminate or reduce capital gains tax.
Alumni and friends who support the University through estate planning become members of The Ruth S. Harley Society.
Example
An Adelphi alumna and her husband, each in their 70s, established a charitable gift annuity with the University. A 6.4% charitable gift annuity was funded with stock worth $35,000 for which they originally paid much less. The couple will receive $2,240 (6.4% of $35,000) annually for the rest of their lives.
In establishing the annuity, they received an income tax deduction of nearly $13,000. If they would have sold and reinvested the securities themselves, they would have owed approximately $29,000 in capital gains tax.
When the annuity terminates, the remainder of the principal will fund scholarships in the family’s name, enabling young men and women to benefit from an Adelphi education.
| Current Gift Annuity Rates |
 |
| Single Life |
|
AGE
|
|
65
|
|
71
|
|
75
|
|
RATE
|
6.0%
|
6.6%
|
7.1%
|
|
|
|
|
|
| Two Lives |
AGES
|
60–60 |
70–70
|
80–80
|
|
RATE
|
5.4%
|
5.9%
|
6.9%
|
|
| (Rates established by the American Council on Gift Annuities are subject to change) |
Contact
For additional information about planned gifts, please contact:
Christian P. Vaupel '96, M.S. '03
Deputy Vice President for
University Advancement
p - 516.877.3258
f - 516.877.6890
e - CPVaupel@adelphi.edu
Richard Dina D.S.W '92
Senior Advisor for
University Advancement
p - 516.877.3263
f - 516.877.6890
e - rdina@adelphi.edu
Rory Shaffer-Walsh
Major Gifts Officer
p - 516.877.3098
f - 516.877.6890
e - shafferwalsh@adelphi.edu
Jamison F. Skala
Major Gifts Officer
p - 516.877.3147
e - skala@adelphi.edu
|
