 Gift AnnuitiesHome > Gift Annuities
A gift annuity is currently one of the most popular methods of making a planned gift to Colgate, because payment rates are often better than bank interest rates. In exchange for a gift of cash or marketable securities, Colgate (by contract) guarantees to pay a fixed quarterly payment to either one or two beneficiaries, designated by the donor, for the duration of their lives. Annuity rates are based upon the ages of the beneficiaries and currently are as high as 8.5 percent for a single beneficiary, aged 84. Each gift annuity must be established separately and requires a gift of $10,000 or more. The minimum beneficiary age for an immediate-payment gift annuity is 60. A donor may establish a deferred-payment gift annuity at any age, but beneficiaries must be at least 65 years of age to begin payments. Each deferred-payment gift annuity also requires a separate contract and a gift of $10,000 or more. Campaign Credit: Gift annuities that benefit Colgate are credited towards the campaign at the full value of the funding assets on the date the gift is transferred.
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