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Deferred Gift Annuity

DGA Diagram

How It Works

  • You transfer cash or securities to William & Mary.
  • Beginning on a specified date in the future, William & Mary begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
  • The remaining balance passes to William & Mary when the contract ends.

Note:

  • You must be at least 65 to begin receiving payments.
  • The minimum gift amount is $25,000.

Benefits

  • 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.

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