Friday, August 27th, 2010 - 10:45 am

Guaranteed income now & for life

Who wouldn’t want to know how to generate financial security in these uncertain times? The answer may well be in a Gift Annuity partnership with Purdue Calumet.

What is It?

A Gift Annuity is a contractual agreement between you and the University.  When you make a transfer of cash or property, we agree to pay you and/r your designated beneficiary a fixed amount for the life time of the person(s) of your choice.

Gift annuity benefits

  • You get an immediate income tax charitable deduction for the year of the gift.
  • It pays a sum every year, part of which is federal income tax-free, up to the life expectancy reached by annuitant(s).
  • You can begin collecting immediately or defer your income to a later date.
  • The income will spread out capital gains tax liability for appreciated property used as the gift.
  • For a single annuitant it removes assets from federal estate tax.
  • It can be used to make a major, one-time gift or a series of smaller, repeat gifts.
  • It is easy to implement.
  • The minimum gift amount makes this an attractive investment to a large number of donors.

Where Would You be Able to Ensure Rates like These?

Rates Effective July 1, 2010
Approved by the American Council on Gift Annuities on April 28, 2010
Suggested Charitable Gift Annuity Rates
Age of Annuitant Rate of Return
55 5%
60 5.2%
65 5.5%
70 5.8%
75 6.4%
80 7.2%
85 8.1%
90 9.5%

Start today earning more in a secure investment that provides tax incentives and demonstrates your support of Purdue Calumet.

The Gift Annuity program is part of The Legacy Society; a comprehensive set of investment plans that embrace and support gifts through:

  • Wills and Bequests
  • Life Insurance
  • Real Estate
  • Charitable Trusts

For more information contact:

Purdue University Calumet’s Office of Advancement

Since laws can change, you should consult your financial advisor before implementing any gift.

Following is more detailed information about the Legacy Society – The Planned Giving Program of Purdue University Calumet.

Purdue University Calumet has achieved historical and unprecedented status through…

Legacy Society

  • Record enrollment
  • Nationally and internationally recognized faculty research
  • An unparalleled experiential learning program
  • On-campus student housing
  • Growing status as a leader and partner advancing Northwest Indiana

Contributing to Purdue Calumet’s achievements is the financial generosity of alumni and friends through planned giving. A planned gift not only benefits Purdue Calumet, but also offers you the prospect of immediate and future tax benefits. It also allows you to establish a lasting means to honor or memorialize a loved one.

How will your planned gift benefit Purdue Calumet?

Through cash, real estate, life insurance, securities and retirement plans, you can make a gift now or later. Doing so will enable you to derive the personal satisfaction that comes from helping Purdue Calumet students. A planned gift also provides a living legacy for you or a member of your family.

By making a leadership gift, you can designate your gift specifically for…

  • Scholarships
  • Campus Capital Projects
  • Academic School or Department
  • Endowments
  • Athletics

A planned gift can be realized in a variety of ways.

Your Living LegacyLife Income for You…
Charitable Annuities and Trusts
Various investment instruments allow you to secure current and future tax savings and income for you/your family through charitable annuities and trusts.

Put It to Work…
Securities Including Real Estate
Gifts of securities include stocks, bonds and shares of mutual funds. You may find these gifts attractive, because such appreciated assets are deductible in amounts up to 30 percent of your adjusted gross income. Similar advantages are available for gifts of real estate.

So Simple… Life Insurance
You can plan a gift from some or all of the proceeds of a life insurance policy. If you have a policy that no longer is needed for its original purpose, you may secure tax savings today and avoid significant future estate tax. You also may name Purdue Calumet as beneficiary of a new policy you purchase. Such a gift offers outstanding opportunities and flexibility in combination with other income-producing gifts (charitable trusts) in which primary gift income can be used to purchase additional life insurance.

Here’s an Idea… Retirement Plans
If you are 70½ or older, you can make a planned gift from an IRA. Such a gift will not be taxed as income unlike other retirement plan assets that can hold serious tax consequences for you or your heirs. Your retirement plan advisor can advise you how best to maximize the gift potential of this asset.

Your Legacy… Wills and Bequests
If you have provided for your loved ones, you may choose to define a gift based on a percentage of your estate, a specific asset, or what is commonly referred to as the remainder of the estate. With life expectancies continuing to grow, many providers have provided generously for their heirs. Having done so permits opportunities for additional gifts to be made to charities of choice.

To discuss opportunities and options to make a planned gift that can serve beyond a lifetime, we invite you to contact Purdue Calumet’s Office of Advancement at 219/989-2323 or 800-HI-PURDUE, ext. 2323 (throughout northwest Indiana and the Illinois Chicagoland area).

All information is offered as general knowledge. Before making a planned gift, we encourage you to seek professional consultation from your fi nancial planner, accountant and/or wealth manager.

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