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Charitable Gift Annuity

This type of life income fund can be established with a gift of $10,000 or more to UL (through the UL Lafayette Foundation). In exchange for your gift the University Foundation will pay a specified annuity to you and, if you wish, another beneficiary. The payout rate is determined by the age of the beneficiaries and currently varies from 6 percent to 11.5 percent. (Note that these rates are subject to change, and the prevailing rates will apply for each gift annuity contract.) See the Gift Annuity Rates table below for examples of rates at specific ages.

Donors can receive an immediate income tax deduction for the projected remainder value of the gift annuity after the beneficiaries are no longer living. Additionally, a portion of the annual payments made to you by the UL Lafayette Foundation may be tax-free. After the beneficiaries are no longer living, UL will use your gift for the purpose(s) you have specified.
Among the benefits of a Charitable Gift Annuity are:

  • You will receive income for life.
  • Part of your income may be tax-free.
  • Your rate of return is fixed for life and backed by all the assets of the UL Lafayette Foundation.
  • If you make your gift with low-yielding securities, you will increase your current income.
  • If you make your gift with appreciated securities held longer than one year, you avoid immediate capital gains taxes.
  • You will receive an immediate income tax charitable deduction.
  • You may reduce your estate tax.
  • You will have the satisfaction of supporting a UL Lafayette program important to you.
  • And you will be invited to join the Louisiana Heritage Society™ for making a legacy gift.

UL, like most non-profit organizations, uses standardized gift annuity rates as set by the American Council on Gift Annuities.  Please contact the UL Office of Development at (337) 482-0922 to learn more about current gift annuity rates

A Second Option: The Deferred Payment Gift Annuity

Persons may also choose to establish a Deferred Payment Gift Annuity. The deferred payment gift annuity allows you to set up a gift annuity now, but defer the annuity payments until a later year. You can select any year in the future in which you would like to begin receiving the annuity payments. And, because the annuity payments are deferred you will receive a higher annuity payout rate.

To receive a gift annuity illustration that is personalized for your particular circumstances, call (337) 482-0922.