TEACHERS COLLEGE, COLUMBIA UNIVERSITY
September 24, 2015
SAMPLE DRAFT
Summary of Benefits
6% Charitable Gift Annuity
ASSUMPTIONS:
Annuitant
Cash Donated
Payout Rate from ACGA2012 Table
Payment Schedule
76
$10,000.00
6%
quarterly
at end
BENEFITS:
Charitable Deduction
Annuity
$4,573.90
$600.00
Tax-free Portion
$459.60
Ordinary Income
$140.40
After 11.8 years, the entire annuity becomes ordinary income.
Equivalent
Rate of Return
11.6%*
*
Adjusted upward because tax-free portion of $460 makes the $600 annuity equivalent to $952 of taxable
income for a beneficiary in the 43.4% income tax bracket.
Basic Gift Illustrations
IRS Discount Rate is 2.2%
These calculations are for illustration purposes only and should not be considered legal, accounting, or other professional
advice. Your actual benefits may vary depending on several factors, including the timing of your gift.