Charitable Gift Annuities

Turn Your Patriot Generosity Into Lifetime Income

There's a way for you to support George Mason University and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.

This type of donation can provide you with regular payments and allow Mason to help our students succeed, enrich the life of our community and contribute to solving some of the most complex global problems of our time. You can also receive a variety of tax benefits, including a federal income tax charitable deduction.

Gifts That Pay at George Mason

Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your 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

See How It Works

An Example of Mason Philanthropy at Work

Couple walking and smiling Dennis, 66, and Mary, 65, want to make a contribution to Mason but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.

Based on their ages, they will receive a payment rate of 4.3 percent, which means that they will receive $860 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $5,544* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support the more than 34,000 students on campus.

*Based on annual payments and a 2.4 percent charitable midterm federal rate. Deductions vary based on income earned.

Next Steps

  1. Contact our planned giving professionals at 703-993-8850 or mylegacy@gmu.edu for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Mason.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Mason in your plans, please use our legal name and federal tax ID.

Legal Name: George Mason University Foundation, Inc.
Address: 4400 University Drive MS 1A3, Fairfax Virginia 22030
Federal Tax ID Number: 54-1603842

A charitable bequest is one or two sentences in your will or living trust that leave to the George Mason University Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

I, [name], of [city, state ZIP], do give, devise, and bequeath to the George Mason University Foundation, Inc. (FTIN 54-1603842), a nonprofit entity of this public university in the Commonwealth of Virginia, [amount, percentage, or description of either real or personal property]. Funds gifted through this bequest are designated [for the unrestricted use and purposes of George Mason University OR to benefit the purposes of George Mason University as follows:].

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the Foundation or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the Foundation as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the Foundation as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Mason where you agree to make a gift in exchange for a fixed amount to benefit you (and/or someone else you choose, if you wish) for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.