Leaving a Legacy with Planned Giving

Charitable Gift Annuity

Some of the best ways to support UT Health are through life-income gifts.

This type of gift help you make a substantial offering to UT Health while increasing your income. A life-income gift provides you with income for life or a specified period of years and leaves the principal to UT Health later.

There are many options for a gift that pays you income. A popular option, and one that does not require an attorney, is a Charitable Gift Annuity (CGA). A Charitable Gift Annuity is a simple contract between you and UT Health San Antonio. You can convert appreciated stock that is not paying a dividend—or another underperforming asset like a savings account, money market fund or CD bearing little or no interest—into a Charitable Gift Annuity. You will receive payments for life and a tax deduction this year.

There’s a CGA option for everyone. If you are still working, you can fund an annuity today and schedule to receive payments when you plan to retire. If you are nearing retirement or already retired, you have the option of deferring your payments a bit longer or receiving them right away.

Immediate Gift Annuity

You can make your gift, take a deduction, and begin receiving annuity payments right away; usually offered for donors who are age 65 or older.

Deferred Gift Annuity

Take an immediate deduction and defer payments for retirement; usually advantageous for younger donors. Deferment allows for larger and less taxed payments.

Flexible Gift Annuity

This is like a deferred gift annuity, with a donor-directed option to delay the payments. The longer you wait to receive payments, the larger they will be.

IRA > CGA Option

CAA 2023 allows for a one-time distribution to create a life income gift, most commonly a charitable gift annuity (CGA), and charitable remainder unitrusts (CRT) or annuity trusts. This new type of QCD is a one-time maximum transfer of $55,000 to a qualified CRT, or in exchange with a charity for a CGA. *Important terms and conditions apply. Please contact our office or your financial advisor.

This type of gift will reduce the value of your IRA, therefore reducing your future RMDs (as they will be based on the lower value). Also, a CGA provides a constant guaranteed lifetime stream of revenue. Using a distribution from your IRA to create an annuity is a savvy way to diversify your holdings and lock in a great return.

As always, we recommend that you consult a qualified advisor before making a new gift commitment.