Charitable Gift Annuity
Gifts That Pay You Income
You can enrich the URI experience and your retirement with a charitable gift annuity. This popular gift provides you with dependable income in your retirement years and provides future Rams with a distinctive education and bright future.
Charitable gift annuities involve a simple contract between you and the University of Rhode Island. In return for your gift of cash or securities, the University pays you (and another individual if you choose) a fixed amount of income for life. You’ll also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.Watch How It Works
Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.View My Guide
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to URI but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 4.5 percent, which means that they will receive $900 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,129* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on annual payments and a 3.2 percent charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
See How It Works
Gifts That Pay
Your payments depend on your age at the time of the contribution. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.View My Guide
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
Prepare for the Future
Create a secure plan for you and your loved ones with our FREE Personal Estate Planning Kit.
- Contact Lindsey Yates-Grimley at 401.874.2042 or firstname.lastname@example.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with URI.
- Seek the advice of your financial or legal advisor.
- If you include URI in your plans, please use our legal name and federal tax ID.
Legal Name: The University of Rhode Island Foundation
Address: 79 Upper College Road, Kingston, RI 02881
Federal Tax ID Number: 05-6014351
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. 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. 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. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.