Gifts That Pay You Income

Give and Receive: Charitable Gift Annuity

Payments for Life

Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.

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There is a way for you to support Bates and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.

This type of gift can provide you with regular payments and support Bates. You may also receive a variety of tax benefits, including a federal income tax charitable deduction.

Gifts That Pay

Your payments depend on your age at the time of the gift. If you are younger than 60, we recommend that you learn more about the options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.

Please provide the following information to view the brochure.

Deferred Gift Annuity Request Form

How It Works

Couple walking and smilingSay that David, 68, and Mary, 67, want to make a contribution to Bates that will support our work for generations to come, but they also want to ensure that they have dependable income during their retirement years. They establish a $50,000 charitable gift annuity with Bates. Based on their ages, they will receive a payment rate of 4.4 percent, which means that they will receive $2,200 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $12,050* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.

*Based on annual payments and a 1.6 percent charitable midterm federal rate. Deductions vary based on income earned.

*Due to regulations which differ from state to state, there are some states in which Bates is not able to issue charitable gift annuities.

See How It Works

Calculate Your Benefits

Submit a few details and see how a charitable gift annuity can benefit you.

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Personal Estate Planning Kit

Not Sure How to Begin Planning?

Download our FREE Personal Estate Planning Kit

Next Steps

  1. Contact the Office of Gift Planning at (207) 786-6246 or Toll-free: (800) 762-3145 or giftplanning@bates.edu for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Bates.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Bates in your plans, please use our legal name and federal tax ID.

Legal Name: President and Trustees of Bates College
Address: 2 Andrews Road, Lewiston, ME 04240
Federal Tax ID Number: #01-0211781