
Pellissippi State
| Pellissippi
State Foundation | Giving to the Foundation
Giving to the Foundation: Ways To Give
Charitable Gift Annuity
A gift annuity is a contractual agreement whereby in exchange for a gift of cash, marketable securities, or approved real estate, the Foundation agrees to pay a donor and/or a designee an income for life. It is a combination of a gift and a purchase. A gift annuity is deductible to the donor at the fair market value at the time of the gift. No gift annuity agreement shall be for more than two lives or be issued for anyone under the age of 55 years. The minimum gift for a charitable gift annuity is $5,000. The amount of the bequest passes immediately to the Foundation, which uses its resources to make annuity payments as they fall due.
To our donors: Your gift to the Pellissippi Foundation will impact your financial situation. This Web site does not provide legal or financial advice. Consult your attorney, tax adviser, and the Foundation before making or planning a gift.
Back to Ways to Give
Pellissippi
State Home Page | Search
Pellissippi State | Webmaster
| Maps
Pellissippi State Technical Community College 2002-2005©
|