Even if the road has not been plowed‌
…the path to a secure life income is clear. Consider the stability of a charitable gift annuity—an agreement between you and Phillips Academy that pays you a fixed income for life (some of which may be tax-free). Based on a gift of $10,000, you would receive: Age at Creation
Payout Rate
Annual Tax Payment Deduction
70
5.50% $550 $3,531
75
6.20% $620 $4,124
80
7.50% $750 $4,447
85
8.40% $840 $5,285
80 & 75
5.60%
$560
$3,663
85 & 80
6.70%
$670
$4,002
Questions? Contact Andover’s Gift Planning Office at 978-749-4281 or giftplanning@andover.edu for details, or visit www.andover.edu/webcalc to run your own anonymous calculations. Thank you for considering an Andover charitable gift annuity as part of your investment portfolio. Not only will it earn you a fixed income for life—it’s also a smart way to contribute to your class gift! Photograph on opposite side: Oliver Wendell Holmes Library, 1956, by Cookson. Archives and Special Collections, Phillips Academy, Andover
180 Main Street Andover, MA 01810-4161