Deferred Gift Annuity

How It Works

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

Next

• More details on deferred gift annuity.
• Frequently asked questions on deferred gift annuity.
• Contact us so we can assist you through every step.