Deferred-Payment Gift Annuity

How It Works

1. Transfer cash or other property to the University of Miami to benefit the DRI Foundation. Your deferred charitable gift annuity will be backed by the full faith and credit of the University of Miami*
2. The University of Miami guarantees to make lifetime payments—for up to two annuitants—beginning at a future date of your choosing

Benefits

• Guaranteed 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 the DRI

*Charitable gift annuities may not be available in all states

*The information contained herein is offered for general informational and educational purposes. The figures cited are accurate at the time of writing. State law may affect the results illustrated. This is not legal advice. Any prospective donor should seek the advice of a qualified estate and/or tax professional to determine the consequences of their gift. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.

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