About Charitable Gift Annuities
If you’re looking for a way to maintain your current lifestyle, increase your financial security, and lower your taxes, consider creating a charitable gift annuity. You will receive fixed annual payments for as long as you live.
If you are under 65, you may want to consider a Deferred Charitable Gift Annuity, where payouts start after you hit a certain age.
Charitable gift annuities made to Lasell University are a good fit for you if you are at least 50 years of age and are considering a gift amount of $25,000 or more.
Benefits
- Receive an immediate income tax deduction for a portion of your gift
- Annuity payments are guaranteed for life, backed by a reserve and the assets of our organization
- Annuity payments are partially tax free, making them more valuable than fully taxable income of the same size
How it works
- Set up an annuity contract with our organization and transfer cash or securities as outlined in the agreement.
- We invest the assets and pay you (or up to two annuitants) fixed income for life, with the amount depending on the size of the transfer and the age of the annuitants.
- The remaining funds pass to us when the contract ends, creating a meaningful impact.
Secure your future and support Lasell University
Discover the benefits of Charitable Gift Annuities through our partnership with the National Gift Annuity Foundation.
Additional information
- Donors may now make a one-time transfer of up to $53,000 to fund a CRUT, CRAT, or immediate CGA (a $3,000 increase from 2023).
- The CGA as QCD is a one-time opportunity. If you executed it in 2023, you can’t do any more even if your CGA was far less than the $50,000 limit last year.
- CGAs and other QCDs are not directly linked to the Required Minimum Distribution (RMD). They can be done at age 70.5 prior to RMDs or can be done in amounts in excess of the year’s RMD, but they are most tax efficient when done to reduce the taxable RMD in a given year.
- The new inflation adjusted limits for QCDs in 2024 is $105,000, with the CGA portion limited to $53,000. You are now limited to QCDs only as you have used your one-time CGA distribution.
- The CGA can be done in any year starting with 2023, but only one time.
Learn more about how the SECURE 2.0 Act may impact you in 2024.
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation.
Name: Terri Houston
Title :Philanthropy and Engagement Officer
Phone: 508-360-3002
Email: thouston@lasell.edu
Sarah Neill
Assistant Vice President for Alumni Engagement and Philanthropy
Phone: 617-243-2282
Email: sneill@lasell.edu
Already included us in your estate plan? Let us know
More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).
Beneficiary designations
Gifting assets not covered by your will — like 401(k) or IRA accounts — may help your heirs avoid unwanted taxes, even if you’re below the estate tax threshold.
Popular tax-smart gifts
Many people are increasingly choosing to give non-cash assets, so they can have a bigger impact at less cost to them.