Charitable Gift Annuities

There is a way for you to support Duke Divinity School and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.

With a charitable gift annuity you agree to make a gift to the Divinity School and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support our work.

This type of donation can provide you with regular payments for life and allow the Divinity School to further our mission. You can also qualify for a variety of tax benefits depending on how you fund your gift.

If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.

And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $54,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.

Your payments depend on your age at the time of the donation.

Fund Your Donation With:

• Cash
• Appreciated Securities
• Closely Held Stock
• Real Estate
• Tangible Personal Property
• IRA Assets

Resources

Charitable Lead Trusts

Protect Your Assets

If you want to make an impact now at Duke Divinity School and also provide for your family later, consider setting up a charitable lead trust. You transfer cash or other assets to a trust that makes payments to Duke Divinity School for a period of time. When the term is up, the remaining trust passes to your family or other beneficiaries you select.

There are two ways that charitable lead trusts make payments to the Divinity School:

• A charitable lead annuity trust pays a fixed amount each year to the Divinity School and is more attractive when interest rates are low.
• A charitable lead unitrust pays a variable amount each year to the Divinity School based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to the Divinity School go up as well.

Fund Your Donation With:

• Cash
• Appreciated Securities
• Closely Held Stock
• Real Estate

Resources

Next Steps

1. Contact Rev. Daniel Corpening at 919-660-3534 or external@div.duke.edu for additional information or to chat more about the different options for including the Divinity School in your will or estate plan.
2. Seek the advice of your financial or legal advisor.
3. If you include the Divinity School in your plans, please use our legal name and federal tax ID.

Legal name: Duke University Divinity School
Address: Office of Gift Planning, Duke University, Box 90600, Durham, NC 27708
Federal tax ID number: 56-0532129