Joseph Samaritano ’91
Director of Gift Planning
Easton, PA 18042
Goal: To receive a steady stream of income in return for your gift while enjoying the benefit of a substantial charitable deduction.
Minimum Gift: $10,000
Minimum Age: 65 years old (immediate payment); To Be Determined (deferred payment)
A charitable gift annuity (CGA) is a way to make a gift to support Lafayette while deriving the benefit of a fixed annual payout for life that is backed by the College’s assets and Lafayette’s promise to pay.
You make a gift of cash or property to the College. In return, payments are made to you, you and a loved one, or some other person(s) – 1 or 2 lives – for whom you would like to provide the benefit. Payments will be fixed regardless of interest rate fluctuations or stock market performance. Upon the death of the last beneficiary, the College receives the remaining value of your gift to be allocated to the program or fund of your choosing.
If you are skeptical about annuities, keep in mind that a CGA is very different from a commercial annuity.
In a time when it is extremely difficult to garner a decent and secure return, you might be surprised at how high your payout rate could be.
Figures are based on a gift of cash or property for a one-life CGA:
Deferring the start of payments to a later date will result in a higher payout rate. Donors also enjoy a substantial charitable deduction in the year the gift is made.
Gifting appreciated property will result in the avoidance of a portion of the capital gain, and the capital gain that will be paid is spread over the expected life of the annuity.
For some donors, a charitable remainder trust may be a better option.
Learn how Lafayette alumni supported the College through the creation of charitable gift annuities:
Request a no-obligation CGA gift illustration customized for you!
This information is not intended as tax, legal, or financial advice. Gift results may vary. Consult your personal adviser for information specific to your situation.