Giving Can Close the Financial Gap Between Work Life & Retirement

If you are thinking about early retirement, you will soon have newfound freedom. To achieve this freedom you will be giving up a steady paycheck. Bryn Mawr can help close the income gap between your work life and retirement.

You can make a gift to Bryn Mawr now, receive an immediate income tax charitable deduction, and get steady payments of income starting at some future date selected by you. Because of the recent increase in charitable gift annuity rates, that means more income for you! These higher income payments will continue for the rest of your life and a significant portion of your income will be tax-free for a period of time. And every time a payment arrives you will know that your gift is also helping to support Bryn Mawr.  

Here is how it works. You make a gift to Bryn Mawr for a minimum of $10,000. What will be paid to you is based on your age, your gift amount, and the length of the deferral between when you make the gift and until the payments begin. When you make the gift, Bryn Mawr will give you a simple written agreement stating the terms of your payments.

For example, if you are 60 when you make the gift and you elect to defer the start of your payments until you turn 66, you will receive a payment rate of 6.5% and an annual amount of $650. The one or two people receiving payments must be at least age 65 before payments can begin.

You also have the option of not choosing a start date for your payments when you make the gift. In that case, Bryn Mawr will give you a schedule showing your payment rate and the amount of your payments depending on when you choose to have the payments begin. The longer you postpone the start of your payments, the more generous your payments become.

For example, if you are 60 when you make your gift to Bryn Mawr and continue working until 70 when you elect to start your payments, your rate for the payments will be 8.1% at an annual payment of $810, which will not change. Once you elect to start receiving payments, they will continue for life.

To enjoy your retirement days ahead, you need to know that your income is secure. The payments you will receive from Bryn Mawr are backed by all of the assets of Bryn Mawr. The payments are not subject to stock market volatility and can be directly deposited into your checking or savings account. Think of your payments as a way to diversify your retirement income portfolio, while making a gift that supports the work of Bryn Mawr.

To see if this gift is right for you, please contact:

Dianne Johnson | phone: (610) 526-6589 | email: djohnson@brynmawr.edu

We would be pleased to send a personalized illustration for review by you and your financial advisor.