Charitable Gift Annuity
Gift Planning
A Charitable Gift Annuity (CGA) is a great way to make a gift to Seton Hall University while receiving guaranteed fixed income for life. You can provide income for yourself, a loved one, or for both you and another beneficiary.

A CGA is a combination gift and investment. You donate assets such as cash or securities that Seton Hall reinvests. Seton Hall then agrees to make fixed, guaranteed payments to you (or another beneficiary) for life. The rate you receive is a function of the beneficiaries' ages at the time the contract is acquired.

Benefits of a Charitable Gift Annuity
  • Receive guaranteed fixed payments during your lifetime.
  • Enjoy an immediate charitable deduction.
  • A portion of the income (representing a return of principal) is tax-free for a number of years. 
  • You can elect to receive payments immediately or defer them for a number of years.

Types of Charitable Gift Annuities

You may elect to begin receiving payments immediately, or you may postpone them, also known as a Deferred Charitable Gift Annuity (DCGA). It is a great option for people who do not need the income right away or would like to wait a few years to increase their rate.

A flexible deferred gift annuity allows you to pick a range of dates when the annuity payments will begin. The payment amount is based on the year you choose in the future to have payments begin. The charitable gift deduction is based on the earliest possible beginning date and is taken in the year of the gift, subject to your tax circumstances.

Personalized Illustrations

The rate you receive is a factor of the number of annuitants (one or two) and their ages, but the charitable deduction you will receive and the tax-free portion of your payments will be affected by other factors. Contact us for a no-obligation, personalized illustration. 

Frequently Asked Questions about Charitable Gift Annuities


How do I establish a Charitable Gift Annuity?

Contact Carroll Keating at (973) 378-2643 or carroll.keating@shu.edu, or Joe Guasconi at (973) 378-9850 or joseph.guasconi@shu.edu.  We can provide you with a personalized illustration.

Can payments be made to more than one person?
CGAs may have up to two beneficiaries. The rate you receive will be based on both of the beneficiaries' ages at the time of creating the charitable gift annuity.

How much is required to establish a Charitable Gift Annuity?
The minimum contribution is $10,000. Immediate annuities are available only to donors who are age 60 and above; deferred annuities are available to donors who are age 55 and above.

Can I choose which programs will benefit from my Charitable Gift Annuity?
Yes.

Am I able to fund the gift annuity with cash as well as securities?

Yes. Many donors welcome the simplicity of funding a Charitable Gift Annuity with cash, but if you use appreciated securities to fund your CGA there are other advantages. Specifically, no capital gain is paid when the gift is made. Instead, the gain is reported proportionately over the donor's lifetime.

Representative Charitable Gift Annuity Rates

The following rates are given as a way to illustrate the type of rates you may receive with a Charitable Gift Annuity. They assume that the donor will opt to receive immediate payments and are based on the number of annuitants and their ages. Seton Hall University follows the guidelines set by the American Council on Gift Annuities. The following rates are effective as of July 1, 2011. 


Single Annuitant

 Age  Rate
 60  4.8%
 65  5.3%
 70  5.8%
 75  6.3%
 80  7.5%


Joint Annuitants
 Age  Age  Rate
 60 60
4.3%
 60 65
4.4%
 65  65  4.7%
 65 70
4.8%
 70 70
5.2%
 70 75
5.4%
 75 75
5.7%
 75 80
5.9%
 80 80
6.3%

Contact Us

Office of Gift Planning
(973) 378-9850
Joseph.Guasconi@shu.edu
Ring Building

Sign In to PirateNet