Planned Gifts - Guaranteed Income for Life/Parental Support System
A gift annuity is a contract between you and the UF Foundation that provides a fixed annual payment for your life and/or the life of a second beneficiary. Charitable gift annuities may be designated to provide immediate income or the income payments may be deferred for a specified time period. Once the distribution period ends, the remaining annuity proceeds are distributed for the benefit of the University of Florida. The year the gift is originally made, you will be eligible for an income tax deduction. In addition, part of the income may be tax-free to the income beneficiary. If you transfer appreciated assets to fund the gift annuity, you may avoid being taxed on part of the capital gain.
Gift Annuity Frequently Asked Questions
