Part of each annuity payment will be taxed at ordinary income rates, part at capital gains rates if appreciated property is used, and part may be tax free. The University of Colorado Foundation pays charitable gift annuity income quarterly. You can also establish a deferred payment charitable gift annuity. You are entitled to a charitable deduction when you establish your annuity, but you may postpone receiving income until you retire when your income tax bracket may be lower. You or your beneficiary can determine the age at which income payments begin.
Scholarships allow students to achieve their educational goals.
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