Charitable Gift Annuities
In exchange for your gift of cash and/or securities, Vassar agrees to pay you (or someone else) a fixed dollar amount for life. The amount of income will not change. At your death the remaining proceeds from the gift come to Vassar. Your income payment is dependent upon your age (or the age of the named beneficiary) and the size of the gift. The older you are, the higher the corresponding payout rate is.
At Vassar, a beneficiary must be at least 60 years old and the minimum gift amount is $10,000. (Existing gift annuity donors who wish to make additional gifts may do so with just $5,000.)