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Charitable Gift Annuity

Planned Giving >>> Deferred Gifts >>> Life Income Gifts

A charitable annuity is a contractual arrangement between you and the CNU Educational Foundation which provides an annual income to you for your life expectancy in return for your irrevocable gift of cash or securities. Your rate of return is based on your life expectancy using tables provided by the National Committee on Gift Annuities. The minimum contribution for a charitable gift annuity at CNU is $10,000 and the minimum age is 60.

A charitable gift annuity is partly an investment and partly a gift, and your income tax deduction is calculated accordingly. Gift annuities also provide favorable capital gains tax advantages if your annuity is funded with appreciated stock.

Additional funds cannot be added to a charitable gift annuity once it is established, but you can, of course, establish additional gift annuities if you wish.

Review current gift annuity rates. (new window)

All gifts to benefit CNU should be made to the Christopher Newport University Educational Foundation, Inc., a 501-c-3 organization (charity) qualified through the Internal Revenue Service.

Contact Lucy Latchum, Director of Planned Giving, University Advancement, at (757) 594-7702 or by email at llatchum@cnu.edu for more information.