Deferred Gift Annuities
How it works
You transfer cash, securities or other property to the University of Pittsburgh.
Beginning on a specified date in the future, the University of Pittsburgh begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
The principal passes to the University of Pittsburgh when the contract ends.
- Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
- You can target your annuity payments to begin when you need them, such as retirement or when a grandchild needs help with tuition payments.
- The longer you defer payments, the higher the effective rate you will receive.
- You have the satisfaction of making a significant gift now that benefits both you and the University of Pittsburgh later.
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