Charitable Annuity

A charitable gift annuity is established when you make a gift to York University in exchange for a guaranteed annual, fixed dollar payment from the university. A gift to an annuity is irrevocable and may be made with cash or securities.  Gift annuities involve transfer of an asset to the university and a signed document that describes the gift and the guaranteed income stream from it.  Gift annuities may have more than one income beneficiary.
  • A “current” payment gift annuity begins making payments to beneficiaries the year the gift is made.
  • A “deferred” annuity’s payments begin a minimum of one year after the gift is made.  Deferred annuities may be appropriate for individuals who wish to take a current income deduction but do not need any resulting income until a later time.

The annuity rate is based on the age of those receiving the income from the fund.  Tax benefits include avoiding any capital gains tax and a current income tax deduction.  A portion of annuity payments are treated as tax-free income. 

Questions? Contact the Advancement Office.