Loyola University Chicago

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Loyola University Chicago

Gift Planning

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Charitable gift annuity—immediate payment

Immediate-Payment Charitable Gift Annuity Diagram

How It Works

  1. Transfer cash or other property to Loyola
  2. Loyola guarantees to make lifetime payments for up to two annuitants

 Benefits

  • Guaranteed payments for life that are favorably taxed
    1. When gift is funded with cash, part of payment will be tax-free
    2. When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
  • Federal income-tax deduction for a portion of your gift
  • Gift will provide generous support for Loyola

Next Steps

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Loyola

Advancement Division
820 N. Michigan Ave., Chicago, IL 60611
800.424.1513 · plannedgiving@LUC.edu
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