Advancement & External Affairs

Charitable Gift Annuities

Turn Your Generosity Into Lifetime Income

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Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.

When you are looking for ways to help Salisbury University with our mission, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support SU's work while receiving fixed payments for life is a charitable gift annuity.

Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with SU you can receive a variety of tax benefits, including a federal income tax charitable deduction.

Delay Your Payments

If you are younger than 60 or don't need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement. To learn more, view and download the FREE guide Plan for Retirement With a Deferred Gift Annuity.

Please provide the following information to view the brochure.

Check Out This Real Life Example

Niel ’56 and Helen CareyE. Niel ’56 and Helen S. Carey have been active supporters of Salisbury University. Several years ago they endowed the Carey-Simmons Undergraduate Scholarship in Education. A few years later, they funded the Carey-Simmons Graduate Grant in education. Niel has served as president of the SU Alumni Association, as a member of the SU Foundation Board and as a member and chair of the Nabb Research Center Board. The Nabb Research Center staff and resources have been very helpful in Helen’s research of the Carey/Cary family, and the Center has hosted the Carey/Cary family reunion on several occasions. To support the Center and to strengthen the relationship between the Center and the Carey Family, Niel and Helen have established a planned gift annuity and as a result there will be a named Carey Family Research/Reading Room in the Nabb Center as a part of the Guerrieri Academic Commons facility opening in fall 2016.

Niel has commented: "Salisbury University was a major factor in my preparation to become a member of the education profession. Helen and I are fortunate to be in a position to “give back” and support those interested in becoming educators. Recently, we saw the planned gift annuity as a way to support the Nabb Research Center’s mission to preserve and share the Delmarva heritage while providing us with income and tax benefits. Most of all, we are impressed with the leadership and dynamic growth of Salisbury University, and we feel privileged to be involved with and supportive of this Maryland University of National Distinction!”

See How It Works

Learn How to Fund It

You can use the following assets to fund a charitable gift annuity:

Calculate Your Benefits

Submit a few details and see how a charitable gift annuity can benefit you.

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Next Steps

  1. Contact Donna D. Brittingham ‘83 at 410-677-0084 or ddbrittingham@salisbury.edu for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with SU.
  2. Seek the advice of your financial or legal advisor.
  3. If you include SU in your plans, please use our legal name and federal tax ID.

Legal Name: Salisbury University Foundation, Inc.
Address: PO Box 2655, 1308 Camden Ave., Salisbury, MD 21802
Federal Tax ID Number: 52-1127396

View My Free Brochure

Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.

Not Sure How to Begin Planning?

Download our FREE Personal Estate Planning Kit

A charitable bequest is one or two sentences in your will or living trust that leave to Salisbury University 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

Bequest Language

I give a bequeath ___% of the rest, residue and remainder of my estate (or the sum of ___ dollars, $___) to the Salisbury University Foundation, Inc., a Maryland charitable corporation, for the support of the Salisbury University.

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 SU 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 SU 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 SU 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 SU where you agree to make a gift to SU and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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