Charitable Gift Annuity—Immediate Payment
How It Works
- Transfer cash or other property to the Georgia Tech Foundation, Inc.
- The Georgia Tech Foundation, Inc., guarantees to make lifetime payments for up to two annuitants
- 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 Georgia Tech
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