A testimonial on charitable gift annuities by Mary Martz.

A charitable gift annuity is a simple contract between you and Husson.  In exchange for assets irrevocably transferred to the University for its eventual use, you and/or another beneficiary receive regular fixed payments for life, backed by the resources of the University.

Gift Annuity Benefits

  • Gifts can be made with cash or marketable securities.

  • Income for life may be paid to one or two annuitants at a rate based on the beneficiaries’ ages when the gift is made.

  • A charitable tax deduction for a portion of the gift value is available on your income tax return in the year of the gift.

  • Appreciated securities are an effective way to fund a gift annuity, especially if you will be the annuitant. This allows you to convert low-yield securities into better paying investments while reducing capital gains.

  • Reduced estate taxes.

Give Now, Receive Later

For those who do not need income right away, the deferred-payment gift annuity allows you to make a gift now but delay the payout for a year or longer, resulting in higher annuity payments and a higher tax deduction that can be taken in the year you create the annuity. Deferred-payment gift annuities are ideal for building up resources for your retirement while enjoying major tax benefits now. Unlike other retirement accounts, there is no ceiling on how much you can contribute.

For more information, contact our Director of Planned Giving.

Name Phone and Email Address
Lynda Rohman
Director of Planned Giving
(207) 404-5651
rohmanl@my.husson.edu
Beardsley Meeting House
Husson University
1 College Circle
Bangor, ME 04401