Charitable Gift Annuities
(Gift illustration)

How it works

You transfer cash or securities to the University of Pittsburgh.

The University of Pittsburgh pays you, or up to two annuitants you name, a lifetime annuity.

The principal passes to the University of Pittsburgh when the contract ends.

Related Links

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Gift illustration

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Complete gift description

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Is this gift for you?

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Gift example

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Deferred gift annuity

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Benefits

  • You receive an immediate income tax deduction for a portion of your gift.
  • Your lifetime annuity is backed by a reserve and the full assets of the University of Pittsburgh.
  • Your annuity payments are treated as part ordinary income, part capital gains income (20%), and part tax-free income.
  • You have the satisfaction of making a significant gift that benefits you now and the University of Pittsburgh later.

Special Information

At this time, the University of Pittsburgh is not able to offer CGAs in eight (8) states: California, Hawaii, New Jersey, New York, North Dakota, Oregon, Washington, and Wisconsin. Nevertheless, donors who are residents of any of these listed states and have an interest in supporting the University of Pittsburgh can employ other gifting vehicles to fulfill their philanthropic intents and to receive significant tax benefits.

For more information

Email us, complete the personal illustration form, or call us at 1-800-817-8943 so that we can assist you through every step of the process.