Eastern Legacy Society
A Charitable Gift Annuity is a simple, contractual agreement between you and the EKU Foundation. In exchange for making a gift of cash and/or securities to the Foundation, you receive fixed payments for life as well as an income tax deduction. The payment does not fluctuate with the economy, so you will know exactly how much income you will receive. The annuity payments are guaranteed for life and may be used for one or two lives.
The benefits include:
- Fixed payment for yourself (or yourself and another individual, if you choose)
- Partially tax-free income
- Charitable contribution deduction on your federal income tax return for the year in which the gift is made
- Higher rates than rates available through commercial certificates of deposit
- Making a difference for our students
One Recipient
| Recipient's Age | Annuity Rate |
Recipient's Age |
Annuity Rate |
|---|---|---|---|
55 |
5.3% |
75 |
6.7% |
60 |
5.5% |
80 |
7.6% |
65 |
5.7% |
85 |
8.9% |
70 |
6.1% |
90+ |
10.5% |
Two Recipients
| Recipient's Age | Annuity Rate | Recipient's Age |
Annuity Rate |
|---|---|---|---|
55 |
4.7% |
75 |
6.0% |
60 |
5.2% |
80 |
6.6% |
65 |
5.4% |
85 |
7.4% |
70 |
5.6% |
90+ |
8.7% |
Bequest |
For questions or additional, Bill Melton |
Please click here for the Honor Roll of Eastern Legacy Society Members
Please click here for the Eastern Legacy Planned Giving Calculator
"Since Federal tax laws continue to change, donors are encouraged to contact the Office of Advancement or their financial advisor to clarify current regulations that might have a direct impact on Planned Gifts."
