A Gift that Gives
AND GIVES BACK TO YOU
Celebrate. ON MARCH 23, 2011, the heart of the University of Southern California and the oldest, largest and most diverse academic unit within the university was named the USC Dana and David Dornsife College of Letters, Arts and Sciences. David and his wife Dana, longtime supporters of the university and international philanthropists, have given $200 million, the largest single gift in USC’s history to name its college of letters, arts and sciences. PHOTO BY PHIL CHANNING READ THE FULL STORY ON PAGE 10. WATCH VIDEOS FROM THE CELEBRATION AT DORNSIFE.USC.EDU/DORNSIFE. Trojans have supported USC Dornsife students for generations through planned gifts and annual gifts. L to R: Morton Kay '49, Andrew Platt '09, Larry Platt '74 and '77
For guaranteed fixed income, you may want to consider a USC Charitable Gift Annuity.
Learn How...To create income for yourself while giving to USC Dornsife. Tommy Trojan, age 75, plans to donate a maturing $100,000 certificate of deposit to USC Dornsife. Because he would like to continue receiving income, he decides to fund a one-life USC Charitable Gift Annuity. The annuity will pay him a rate of 6.4%, or $6,400 per year. And there are further advantages! For his $100,000 donation to establish the annuity, Tommy receives a charitable income tax deduction of $42,521. Because Tommy itemizes his tax deductions on his income tax return, he can use this deduction to reduce his current year’s income tax obligation. With Tommy’s 35 percent federal income tax rate, his tax savings is $14,882. In addition, for 13.4 years, the first $4,825 of his annual payments of $6,400 will be tax-free.
The gift annuity will therefore have a taxable equivalent yield of 10.5%. Plus, his gift may be designated to support any USC Dornsife department or program of his choosing.
AGE
ANNUITY RATE
60
5.2%
65
5.5.%
70
5.8%
75
6.4%
80
7.2%
85
8.1%
90+
9.5%
USC Charitable Gift Annuity Rates are based on the Suggested Rates approved by the American Council on Gift Annuities and are subject to periodic review.
Good for You, Good for USC Dornsife Please contact Susan Wilcox, Associate Dean for USC Dornsife Advancement, by phone or e-mail swilcox@dornsife.usc.edu to discuss gift options and to obtain a copy of the university’s Suggested Bequest/ Distribution Language. Deferred gift annuities for individuals under age 60 are also available for your consideration.
(213) 740-4994
dornsife.usc.edu/giving