Annuities

Your Intention: Receive supplemental income with fixed annual payments while supporting the mission of Roanoke College

Your Gift to Roanoke: A gift of principal for which the College will pay you fixed payments each year

Your Benefit May Include: Current and future savings on income taxes; fixed payments for life

A charitable gift annuity is an agreement in which you transfer cash or other assets to the College in exchange for our promise to pay you an annuity for life or for a term of agreed upon years. This transaction is in part a charitable gift and in part the purchase of the income interest.

Added benefits of a charitable gift annuity include:

• A simple contract, with no need for a trust agreement.
• The obligation to pay the annuity is a claim on all assets of the issuer.
• Start of payments can be deferred, which increases the initial itemized deduction and the annuity rate.

For more information regarding gifts to Roanoke College through your estate plan please call George Seals ’70, Roanoke College Director of Planned Giving, at 540-375-2487, E-mail seals@roanoke.edu or call toll free 1-866-RCGive1.

These descriptions are not intended as legal, tax or investment advice. Please consult an attorney, tax professional or investment professional when preparing your estate plan.