Turn Your Generosity Into Lifetime Income
Charitable Gift Annuities
When you are looking for ways to help the the University of Denver with our mission, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support the University's work while receiving fixed payments for life is a charitable gift annuity.
Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with the University you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize. Plus you receive a higher rate of return than money sitting in a traditional savings account.
An Example From DU
For more than 60 years, James L. “Jim” Hecht and Amy Blatchford Hecht have believed in the power of cultural exchange. While neither attended the University of Denver as students, an introduction to DU’s Josef Korbel School of International Studies inspired the couple to establish a new academic and scholarly exchange program.
In 2015, the couple created the University of Denver/American University of Beirut Academic Partnership Endowment Fund to support a scholarship exchange for faculty and students between DU and the university where Amy’s parents met. The Hechts established a gift that pays them income to create the partnership. By transferring appreciated securities to DU, the Hechts receive a partial tax deduction and a lifetime stream of annual income. Additionally, their gift was matched with institutional funding, providing scholarship funds for immediate use.
“A charitable gift annuity is a good financial tool. If you sell stock, you lose a lot in taxes. By giving appreciated stock, we increase our income, and there’s no downside,” Jim says.
The Hechts hope to benefit both universities through this partnership and strengthen bonds between the U.S. and the Middle East at the same time.
- Contact Jon Kraus at 303.871.4619 or firstname.lastname@example.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the University.
- Seek the advice of your financial or legal advisor.
- If you include the University in your plans, please use our legal name and federal tax ID.
Legal Name: University of Denver (Colorado Seminary)
Address: 2199 S. University Blvd., Denver, CO 80208
Federal Tax ID Number: 84-0404231
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
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Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.View My Free Brochure
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.