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The CMC Charitable Gift Annuity


Help Change the Future While Securing Yours

A charitable gift annuity is a simple contractual agreement between you and CMC. In exchange for your irrevocable gift of cash or securities, CMC agrees to pay a fixed amount to one or two people, each year, for life. The payments are a legal obligation of the College and are guaranteed by all of the assets of CMC. The older you are when you create the gift annuity the higher your gift annuity rate. After the last payment, the remaining account balance comes to CMC to be used as you direct.

View CMC's Gift Annuity Rates

How You Benefit

  • Lifetime Payments: Receive payments that you can't outlive
  • Tax-Advantaged Payments: A large portion of each payment is tax-free if funded with cash
  • Charitable Deduction: You may claim a charitable deduction for the charitable portion of the gift annuity
  • Attractive Rates: Claremont MeKenna College offers attractive gift annuity rates
  • Secure Payments: Your annuity payments are guaranteed by all of the assets of Claremont McKenna College-now over $1.1 Billion. The College has earned an Aa2 credit rating from Moody's Investors Service
  • No Fees: There are no fees or commissions associated with a CMC gift annuity

Giving Appreciated Securities

A key benefit of a charitable gift annuity is the ability to fund it with a gift of appreciated securities. Your annuity payment will be based on the full fair market value of the donated shares. A portion of the capital gain is avoided and the remainder is spread over an IRS-determined term of years. The capital gain portion of the payout reduces the amount of tax-free payment you receive. You may claim the same charitable deduction as if the annuity is funded with cash.

Taxation of Your Annuity Payments

When Funded With Cash The taxable portion of the capital gain is spread over an IRS-determined term of years and reduces the amount of tax-free payment you receive. There after the entire payment is taxed as ordinary income.

When Funded With Appreciated Securities The taxable portion of the capital gain is spread over an IRS-determined term of years, and reduces the amount of tax-free payment you receive. Thereafter the entire payment is taxed as ordinary income.

Please Contact Us to inquire about other assets that you might be able to use to fund a charitable gift annuity.

Deferring Your Payments

If your concern is to have more income at a future date, you may choose to fund a charitable gift annuity with deferred payments. You earn a current income tax deduction, and your payments are deferred to a specific future date or you may create a flexible starting date. Learn More

Contact us

If you have any questions about charitable gift annuities, please Contact Us. We would be happy to assist you and answer your questions.

The CMC Gift Annuity is not available in all states.

Rates may vary by state.
Please contact our office to confirm your rates.

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