As with a charitable gift annuity, the donor makes a gift to Amherst College, receives an income tax deduction in the year of the gift, and the College provides fixed quarterly payments to the donor and/or another annuitant for life. The minimum gift is $10,000. The payment amount stays the same for life, and is based on the age(s) of the annuitant(s) when the gift is made.

Deferred Gift Annuity

With a deferred payment gift annuity payments do not begin until some SPECIFIED LATER POINT IN TIME, at least one year after the date of the gift. The future payment amount and the immediate income tax deduction are larger the longer the start of payments is deferred.

With a flexible (deferred payment) gift annuity the donor does not have to choose the payment starting date at the time of the gift. The annuitant (who may or may not be the donor) may choose the payment starting date based on his or her retirement date or other considerations. The older the annuitant(s) when the payments start, the larger the payments will be.

To see gift annuity rates and deductions based on information you enter, please use our gift illustrator:

Deferred Gift Annuity

Contact Gift Planning

Julie R. Lackner, JD
Director of Gift Planning
Amherst College
PO Box 5000
Amherst, MA 01002-5000

Information contained in this website should not be considered legal, accounting, or other professional advice. Individuals considering a planned gift to Amherst should consult with their financial advisor.