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Charitable Gift Annuity—Immediate Payment

Immediate-Payment Charitable Gift Annuity Diagram

How It Works

  1. Transfer cash or other property to Gilman
  2. Gilman agrees to make payments for the life of one and up to two annuitants (payments are backed by our entire assets)
  3. The balance of the transfer inures to Gilman

Benefits

  • Payments for life that are favorably taxed
    1. When gift is funded with cash, part of payment will be tax-free
    2. When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
  • Federal income-tax deduction for a portion of your gift
  • Gift will provide generous support for Gilman

More Information

Contact Us

Heather Harlan Warnack

Heather Harlan Warnack
Director of Development
hwarnack@gilman.edu

Mary Ellen Porter

Mary Ellen Porter
Associate Director of Development &
Director of Planned Giving
meporter@gilman.edu

 

Gilman School
5407 Roland Avenue
Development Office
Baltimore, MD 21210
410-323-7178

Federal Tax ID Number: 52-0591604

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