Charitable Gift Annuities

A Charitable Gift Annuity is a contract between you and the UNCG Excellence Foundation, in which you transfer a minimum of $15,000 in cash or appreciated stock to the university, designated for a program of your choice within the School of Music, and in exchange, receive an income for life. The amount of annual payment you receive each year is a percentage of the principal based on your age at the time you establish the annuity; this amount never changes, and a portion of the payment is considered a tax-free return of principal. You receive a charitable income tax deduction, and you can also realize savings in capital gain and estate taxes.