Let’s see‌ I think creating a gift annuity with Andover is the right answer.
Excellent choice! Invest in Andover and get an A (for annuity)! Your gift to Andover through a gift annuity offers an immediate charitable income tax deduction, tax-advantaged quarterly payments, and membership in the Samuel Phillips & Sarah Abbot Society. Your taxsmart future gift to Andover will be invested in its endowment, which has a proven track record of exceptional performance. A sample of Andover’s current annuity rates: Age(s) 70 75 80 85 80 & 75 85 & 80
Rate Sample Gift Annual Payment* Deduction** 5.5% $10,000 $550 $3,531 6.2% $10,000 $620 $4,124 7.5% $10,000 $750 $4,447 8.4% $10,000 $840 $5,285 5.6% $10,000 $560 $3,663 6.7% $10,000 $670 $4,002
*Annual payments consist of ordinary income, capital gains, and/or tax-free return of principal. **Available in September 2015. Subsequent months may generate higher or lower deductions based on the monthly IRS discount rate.
Contact Andover’s Gift Planning Office at 978-749-4529 or giftplanning@andover.edu for details. Run your own calculations anonymously at www.andover.edu/webcalc Photograph on opposite side: Andover students taking college board exams, 1955; by Charles Schulze
180 Main Street Andover MA 01810-4161