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Create A Charitable Endowment

Create A Charitable Endowment

You can make a gift that will benefit Roane State Community College Students in the future and receive guaranteed fixed income for life.

Your income payments may be considerably higher than your return on low-earning CD’s or securities.

How Do They Work?

When you make a gift of $10,000 or more to establish an annuity, Roane State Foundation agrees to make regular payments to you or your beneficiaries for life. Afterward, the remainder of the gift is added to the Foundation’s funds to support scholarships, faculty development or other areas of your choosing.

What Are the Benefits?

With a charitable gift annuity you can:

Examples of income and tax deductions for a $10,000 single-life annuity:

BENEFITS ON A $10,000 SINGLE LIFE CHARITABLE GIFT ANNUITY

Age

Annuity Rate

Yearly Income

Tax Deduction*

65

4.7%

$470

$2,661

70

5.1%

$510

$3,469

75

5.8%

$580

$4,101

80

6.8%

$680

$4,669

85

7.8%

$780

$5,485

90

9.0%

$900

$6,135

*Deductions as of December 2012. Please check with your tax professional for current deductions.

 

Charitable Gift Annuities

One Life Rates

Two Lives (Joint and Survivor) Sample Rates

Age

Rate

Younger Age

Older Age

Rate

55

4.0%

55

56-58

3.6%

56

4.1%

55

62-95+

3.8%

57

4.1%

59

61-63

3.9%

58

4.2%

60

63-66

4.0%

59

4.3%

60

71-95+

4.2%

60

4.4%

62

67-69

4.2%

61

4.4%

63

68+

4.3%

62

4.5%

65

69-72

4.4%

63

4.5%

65

73-95+

4.5%

64

4.6%

70

72-74

4.7%

65

4.7%

70

79-95+

4.9%

66

4.8%

72

75-76

4.9%

67

4.8%

74

77-78

5.1%

68

4.9%

75

79-81

5.3%

69

5.0%

75

87-95+

5.6%

70

5.1%

76

80-81

5.4%

71

5.3%

77

82-83

5.6%

72

5.4%

78

82-83

5.7%

73

5.5%

79

83-84

5.9%

74

5.7%

80

83-84

6.0%

75

5.8%

80

94-95+

6.6%

76

6.0%

81

86

6.3%

77

6.2%

82

85-86

6.4%

78

6.4%

83

86

6.6%

79

6.6%

84

89

7.0%

80

6.8%

85

88

7.1%

81

7.0%

85

93-95+

7.6%

82

7.2%

86

88

7.3%

83

7.4%

87

89

7.5%

84

7.6%

88

90

7.9%

85

7.8%

89

91

8.2%

86

8.0%

90

92

8.5%

87

8.2%

90

94-95+

8.8%

88

8.4%

 

89

8.7%

90

9.0%

Please contact us for rates other than these scenarios.

Rates set by the American Council on Gift Annuities Effective January 1, 2012

For Information On Establishing An Annuity:

Please contact Linda Brown or Jeana Bradley at:

Roane State Foundation
276 Patton Lane
Harriman, TN 37748
Phone: (865) 882-4507
Fax: (865) 882-4689

Coordinator
Linda Brown
Click above for email address
(865) 354-3000 ext. 4471

Admin Assistant/Accounts Manager
Jeana Bradley
Click above for email address
(865) 354-3000 ext. 4422

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Roane State Community College is a TBR and AA/EEO employer and does not discriminate against students, employees, or applicants for admission or employment on the basis of race, color, religion, creed, national origin, sex, sexual orientation, gender identity/expression, disability, age, status as a protected veteran, genetic information, or any other legally protected class with respect to all employment, programs and activities sponsored by Roane State. View full non-discrimination policy.

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