Deferred Charitable Gift Annuity

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How It Works

Cash

Stocks and/or Bonds

  1. You make a gift of cash or securities to Berkeley.
  2. The annuity contract provides that we will pay to you — or to one or two individuals you name —  fixed annuity payments for life, beginning on a specified date in the future.
  3. When the contract ends, Berkeley will use the remainder of the annuity to support the programs you designate.

- Each income beneficiary needs to be at least 65 years old when the annuity is created, with payments starting no earlier than age 70.

How You Benefit

Income

Income Tax Deduction

Capital Gains Tax Benefit*

Flexibility

  • All of the benefits of an immediate payment gift annuity.
  • Because payments are deferred until a future date, the annuity rate is higher than it would be with an immediate payment annuity and the income tax charitable deduction is larger.
  • The future start date for payments can be designed to coincide with important life events, e.g., your retirement or a grandchild’s college years.

*For appreciated assets such as stocks/bonds held more than one year

The Secure Act 2.0 effective January 1, 2023 prohibits the one-time IRA qualified charitable distribution (QCD) for deferred payment or flexible payment charitable gift annuities. 

For more in-depth information, please call one of our experts at 510-642-6300.
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