Charitable Gift Annuity

Benefit now, have an impact later

A McGill charitable gift annuity is a great way to increase your income, while supporting higher education. McGill University can provide annual, semi-annual or quarterly payments to you and/or your co-annuitant for the remainder of your life, in return for an irrevocable gift of cash or securities. The annuity rate is based on the age of the income recipient(s). This is an ideal giving vehicle for donors 60 years and older, with a minimum investment of $10,000.

Things to consider

• You will receive an immediate income tax receipt for a portion of the gift.

• If transferring securities, you may benefit from the elimination of the capital gains tax.

• A lifetime stream of fixed payments for you and/or your co-annuitant, even in volatile markets.

• Security of a fixed guaranteed income backed by the University's endowment fund.

• You can support a University priority that meets your interest, such as student aid, building projects, programs or research. (We encourage you to do so in consultation with the Bequests and Planned Gifts staff.)

• Minimum age for annuitants is 60 years of age and older.

• Minimum charitable gift annuity level is $10,000.

• Frees you from investment and management worries, with no administrative charges.

• Fixed payments may be tax-free, depending on the age of the annuitant(s).

For an example of an annuity chart, please click here >>

Planning for the future

Have you included McGill in your estate plans? If so, we invite you to complete the “My Gift for Future Generations” letter and return it to the Bequests & Planned Gifts Office. This document ensures that your wishes are fulfilled and that your gift is used as you have specified. You may direct your gift to support a specific faculty, school or department, or any other areas of your choice, such as scholarships, professorships, research and libraries. Unrestricted gifts are used by the University to address its most pressing needs at the time of receipt. We hope you will take a moment to complete this form and return it to us.