About Charitable Gift Annuities
A Charitable Gift Annuity is a way to support Hunter College while receiving fixed income for life or a set term. Our CGAs are administered by CUNY. It is facilitated by Hunter College and benefits the Hunter College Foundation.
Eligibility
To establish a CGA through CUNY, donors must be at least 65 years old on the date of the gift. The program is currently available to residents of New York State and many additional states, though it is not available in certain states, including California and New Jersey.
Benefits
- Receive fixed annual payments for life or a set term.
- Receive an immediate income tax deduction for a portion of your gift.
- A portion of each payment may be tax-free, increasing its value compared with fully taxable income.
- Make a lasting impact at Hunter College when the remaining funds pass to HCF.
How it works
- Set up a CGA with HCF and transfer cash or securities as outlined in the agreement.
- CUNY administers the annuity, invests the assets, and provides all necessary receipts and tax documents.
- You (or up to two annuitants) receive guaranteed fixed payments for life or a specified term.
- When the annuity ends, the remaining funds support Hunter College, creating a meaningful legacy.
Learn more about Charitable Gift Annuities
Consult with a qualified estate planning attorney and a financial advisor to determine if this is the right option for you.
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Popular tax-smart gifts
Many people are increasingly choosing to give non-cash assets, so they can have a bigger impact at less cost to them.