A gift annuity is a simple gift arrangement between you and Belhaven University. In return for your gift of cash or other assets, the College agrees to pay you (and/or another named beneficiary)
a fixed income for life. Many Belhaven alumni and friends have found the gift annuity a very simple way to convert low yielding assets into a higher fixed income payment, as well as provide Belhaven with a significant gift in the future.
For current gift and annuity rates, please call (601) 968.8738 , toll free at 1-800-960-5940 or email annuity@belhaven.edu. You can also view the Charitable Gift Annuity brochure (PDF).
You are entitled to a charitable income tax deduction for the gift portion of the annuity in the year the gift is made. If an appreciated asset, such as stock, is used to fund your annuity, capital gains taxes are spread over the term of the annuity rather than being reported in the year of sale. Also, depending on the source of your gift, much of the annuity income may be tax-free. Finally, the total amount of your gift is removed from your estate for estate tax purposes.
The rate you (or your beneficiary) will be paid is determined by age. The older the beneficiary is, the higher the
rate paid.
A gift annuity can be set up with a simple four-step process.
You may request a personal and confidential proposal by calling our office at 601-968-8738 or by completing the attached reply card.
If you do not need your income payments to begin at the time of your gift, you can defer the payments to you until a time you need additional income – such as at retirement. The payments will be based on your original contribution, plus accumulated earning from the time of the gift, and on your age when payments begin. This plan gives you a current income tax deduction and the opportunity to accumulate income from the earnings for the future.
Belhaven benefits from your gift after the income obligations to your beneficiaries have been satisfied.
