Charitable Gift Annuity—Immediate Payment

Immediate-Payment Charitable Gift Annuity Diagram

How It Works

  1. Transfer cash or other property to NJIT
  2. NJIT agrees to make payments for the life of one and up to two annuitants (payments are backed by our entire assets)
  3. The balance of the transfer inures to NJIT

 Benefits

  • Payments for life that are favorably taxed
    1. When gift is funded with cash, part of payment will be tax-free
    2. When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
  • Federal income-tax deduction for a portion of your gift
  • Gift will provide generous support for NJIT

More Information

Contact Us

Monique Moore Pryor, J.D.
Assistant Vice President of Major and Planned Gifts
(973) 596-8548
monique.pryor@njit.edu

 

The New Jersey Institute of Technology
323 Dr. Martin L. King Blvd.
Newark, New Jersey 07102

Back

© Pentera, Inc. Planned giving content. All rights reserved.