Additional agreements could be established with the Seminary in each of the succeeding years, all maturing at age 65. These annuities could vary in amount at the convenience of the donor. At age 65 the income from these several annuities would begin and provide a stream of income for the rest of the donor's life. The rate of return is based on the donor's age at the time of the gift and the length of the deferral. This rate will be lower if a beneficiary is provided for as well.
Seminary policy requires that all donors and beneficiaries be at least fifty years of age.
A gift of one thousand dollars or more is also required. For more detailed information about Deferred Payment Gift Annuities or any other life income plan offered by the Seminary, please contact the Seminary's Director of Planned Giving.