SECURING YOUR FINANCIAL FUTURE – AND OURS
THE BENEFITS OF A DEFERRED CHARITABLE GIFT ANNUITY
Support CSU Bakersfield now, increase your future income in retirement

If you are starting to think about retirement, one of the financial realities is that you will no longer have a steady income from employment once you retire. Financial advisors encourage clients to identify other sources of income to replace a steady paycheck. While you understand you need to commit more of your current resources to retirement income planning, you may also want to continue your support of favorite charities. You can do both. A deferred payment charitable gift annuity enables you to make a gift now to CSU Bakersfield, receive a charitable deduction to reduce current income taxes if you itemize, and to have an additional source of income when you choose to retire.

The benefits of deferring charitable gift annuity income payments

Establishing a deferred payment charitable gift annuity is simple. You make a gift to CSU Bakersfield of cash or appreciated securities and CSU Bakersfield agrees to pay up to two individuals a fixed income beginning on a date you choose. You can set a firm date for payments

to begin when you establish the annuity, or you can decide at a future date when you want the payments to begin. The longer you defer the start of payments the more annual income you will receive. Once the payments begin, they never fluctuate and will not be affected by changes in the economy or financial markets. CSU Bakersfield will give you a simple agreement for your records. In return for your gift, you will get an income tax charitable deduction for a portion of your gift which will save you taxes if you itemize. In almost every case, your annuity payments will be partially tax-free for a time. Two priorities accomplished – additional retirement income and generous support for CSU Bakersfield.

How to establish a deferred payment charitable gift annuity with CSU Bakersfield.

Once you decide to establish a deferred payment charitable gift annuity with CSU Bakersfield, here is the process.

  •  Contact the University Advancement – Planned Giving office to ensure that the age(s) of the annuitant(s) meet the gift annuity policies at CSU Bakersfield.
  •  If you have not received a financial illustration for the gift you are considering, request the illustration from the University Advancement – Planned Giving office.
  •  Request a Gift Annuity Application form from the University Advancement – Planned Giving office.
 
 
  •  Complete the information on the application, including the date when you want payments to begin or the range of dates in the future when you want the option to start receiving payments.
  •  Send the Gift Annuity Application to the University Advancement – Planned Giving office at CSU Bakersfield.
  •  If you are using a check to fund the gift, enclose your check with the application.
  •  Shortly after your application is received you will be sent a Charitable Gift Annuity Agreement, along with tax reporting information for when you file your income taxes.
  •  You'll need to sign the Charitable Gift Annuity Agreement and return it to CSU Bakersfield. CSU Bakersfield will provide a fully signed agreement to you.
  •  The annuity payments will terminate when the final annuitant passes away. Any remaining balance from your gift will be used by CSU Bakersfield to further our work.
Your priorities accomplished!
  •  You will have created a steady source of additional retirement income.
  •  You will have made a significant gift to CSU Bakersfield.