You transfer cash or securities to Waynesburg University. Our minimum gift requirement is $10,000.
Beginning on a specified date in the future, Waynesburg University begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
Generally, deferred gift annuities may be created by donors of any age. However, a beneficiary must be at least 40 years of age before deferred gift annuity payments commence to the beneficiary.
The remaining balance passes to Waynesburg University when the contract ends.
Benefits
Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
You can schedule your annuity payments to begin when you need extra cash flow, such as retirement years.
Payments are guaranteed and fixed, regardless of fluctuations in the market.
The longer you elect to defer payments, the higher your payment will be.
