Over the years, donors like you have found that charitable gift annuities (CGA) can be a great way to support Texas A&M University-Corpus Christi and receive a lifetime of fixed amount payments in return. In fact, CGA rates are at their highest rates in over a decade thanks to increases in the last few years.
Inflation continues to rise, and you may be disappointed with the interest rate paid by your certificate of deposit. Perhaps you are concerned about bond prices and continuing volatility in the stock market. A gift annuity with the TAM-CC Foundation can provide you with a regular stream of fixed-amount payments, perhaps higher than your certificate of deposit is paying, while you make a generous charitable contribution to support future generations of Islander students.
A charitable gift annuity is a simple agreement between you and the TAM-CC Foundation promising to make payments of a fixed amount to you for life in exchange for your contribution today. Gift annuities are easy to set up and the payments you receive are backed by the general resources of the Foundation. You can reserve lifetime payments for yourself or someone else, and you can name one or two recipients. Even better, you receive an income tax deduction for the value of your charitable contribution.
Best of all, you will be making a generous contribution to fund scholarships for deserving students, strengthen faculty resources, and ensure a transformative educational experience for Islander students. It’s a win-win!
Just a few years ago, if a 79-year-old donor transferred $25,000 in exchange for a charitable gift annuity, they would have received annual payments of $1,700. However, with the new rates, a 79-year-old making a $25,000 gift today would receive $1,950 annually. That’s an increase of more than 11%.
Please contact us today to learn more about CGAs or other creative ways to give:
Jaquelyn Westbrook Maltby
Senior Director of Development
361.825.2372
jaquelyn.westbrook@tamucc.edu