Innovative Giving Method Offered by Wharton

Love-SignThe Penn Impact Annuity is a unique way to support Wharton today while providing you with a secure stream of income tomorrow.

Like a charitable gift annuity (CGA), this giving vehicle provides guaranteed payments, backed by the University of Pennsylvania, to you or a loved one. It’s an easy way to supplement income, and it’s a gift that can provide tax advantages while most importantly supporting Wharton. The Penn Impact Annuity provides a way for your gift to have an immediate impact.

Here’s how it works: For example, in exchange for a gift of $25,000 or more, Penn will provide guaranteed lifetime annuity payments at an attractive rate. You designate one or more of Wharton’s priorities to receive the first three years of payments (*optional two year payment commitment for ages 75 and over). Thereafter, you enjoy the advantage of the annuity payments for life. On termination of the annuity, the balance again supports Wharton.

Benefits include:

• Tax advantaged payments for life guaranteed by the University for one or two individuals, neither of which need be the donor.

• Greater immediate charitable income tax deduction given that the first three years of gift payments are included in the current charitable deduction, as well as capital gains tax advantages if using appreciated stock.

• Attractive rates of return based on the age of the annuitant.

• Qualifies you for membership in the Penn Harrison Society and Wharton Hattersley Society.

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For further information or a custom Penn Impact Annuity illustration based on your age, please contact me, Greg Johnson, Director of Gift Planning, directly at (215) 746-6962; email: grege@upenn.edu.

Editor’s note: The article and examples are for information and illustration purposes only and are not intended as legal, financial or tax advice. We encourage you to consult your own advisor.

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