• Support for Wellesley College
• Fixed income for life (a portion of which may be tax-free)
• Backed by the assets of Wellesley College
• An immediate income tax deduction for a portion of your gift (in the year of the gift)

The annuity income paid to you is based on rates that reflect actuarial assumptions. For example, a 65-year-old donor/beneficiary is eligible for a 6.3% annuity yield, meaning that a gift of $10,000 will provide a fixed annual income of $630 for life.

Age			Yield
60			6.0%
61			6.0%
62			6.1%
63			6.1%
64			6.2%
65			6.3%
66			6.3%
67			6.4%
68			6.5%
69			6.6%
70			6.7%
71			6.8%
72			6.9%
73			7.0%
74			7.2%
75			7.3%
76			7.5%
77			7.6%
78			7.8%
79			8.0%
80			8.3%
81			8.5%
82			8.8%
83 and over			9.0%

If you are less than 60 years of age or wish to begin receiving income at a future time, you can choose a Deferred Payment Gift Annuity. The payout rate increases with the length of deferral and the age when payments commence.

For example, a 50-year-old donor who wishes to begin receiving income at age 65 will receive 13.3 percent of the amount of the gift. Thus, a $10,000 gift made at 50 will provide an annual income of $1,330 beginning at age 65. As in the case of the immediate payment Gift Annuity, the minimum amount to fund a deferred annuity is $10,000.

Deferred payment gift annuities are popular among people who wish to create a supplemental source of income during retirement years, for themselves or for someone else.

Current Age			Yield
42			20.0%
47			15.6%
52			12.0%
57			9.3%