When you are looking for ways to support the University of Maryland, you should not feel like you are choosing between your philanthropic goals and financial security. With a charitable gift annuity you agree to make a gift to Maryland and we, in return, agree to pay you and/or another individual a fixed amount each year for the rest of your life. The remaining balance is then distributed to the university to support the area(s) you designate.
Not only does this gift allow us to further our mission, you can also qualify for a variety of tax benefits, including a federal income tax charitable deduction if you itemize.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.
See How It Works
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to Maryland but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 3.9%, which means that they will receive $780 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $4,878* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on a 1.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.