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Leave a Legacy for Tomorrow’s Leaders

When you support UNC Asheville, you help our students reach new vistas where the future is a frontier—vast and full of opportunity.

Learn About Ways to Give

Gift Annuity

You transfer your cash or stock to University of North Carolina at Asheville Foundation, Inc. in exchange for fixed payments (with rates based on your age) for the rest of your life.

If you are tired of living at the mercy of the fluctuating stock and real estate markets, a gift annuity is for you because in exchange for your gift we promise to make fixed payments at a rate based on your age.

Benefits of a charitable gift annuity

  • Receive fixed payments to you or another annuitant you designate for life
  • Receive a charitable income tax deduction for the charitable gift portion of the annuity
  • Benefit from payments that may be partially tax-free
  • Further the charitable work of UNC Asheville with your gift

Charitable gift annuity video

How a charitable gift annuity works

A charitable gift annuity is a way to make a gift to support programs at UNC Asheville that are important to you.

  1. You transfer cash or property to UNC Asheville.
  2. In exchange, you receive fixed payments for life. The payments can be quite high depending on your age, and a portion of each payment may even be tax-free.
  3. You will receive a charitable income tax deduction for the gift portion of the annuity.
  4. You also receive the satisfaction of knowing that you will be helping further our mission.

If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax. Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity.

Gift annuity options

  • Current charitable gift annuity (payments begin within one year). With a current gift annuity, you may transfer cash or property in exchange for our promise to pay you fixed payments beginning as early as this year. You will receive an income tax charitable deduction this year for the value of your gift.
  • Deferred charitable gift annuity (for payments at future date). Perhaps you are not ready to begin receiving payments until a future date, such as when you retire. With a deferred gift annuity, you establish the gift annuity today, receive a charitable income tax deduction this year, but defer the payments until a designated date sometime in the future. Best of all, because you deferred the payments, your annual payment will be higher when the payments start than they would have been with a current gift annuity.
  • Flexible deferred charitable gift annuity (gives you flexibility as to when the payments will start). With a flexible deferred gift annuity, you retain the flexibility to decide when the annuity will begin making payments. As with a deferred gift annuity, you establish the annuity today and receive a charitable deduction this year, but the payments are deferred until such time as you elect to begin receiving the payments.

Other Considerations

The University of North Carolina at Asheville Foundation, Inc. requires a minimum funding level of $10,000 to establish a Charitable Gift Annuity (CGA). In return, you'll receive fixed payments for life, along with the satisfaction of supporting UNC Asheville's mission. The Foundation generally follows the annuity rates recommended by the American Council on Gift Annuities (ACGA).

For immediate CGAs, the minimum age is 60, and payout rates are capped at the ACGA rate for an 80-year-old. For deferred CGAs, the minimum age is 45, with payments beginning no earlier than age 60.

All CGA payments are guaranteed by the unrestricted assets of the Foundation, providing added security and peace of mind. For CGAs in which the annual payment to a beneficiary is $30,000 or more, a risk concentration analysis will be conducted prior to acceptance.

The Foundation is authorized to issue CGAs in many states, though not all. Because regulations vary by state, donors are encouraged to contact us to confirm eligibility or discuss available options.

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.