• 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 5.7% annuity yield, meaning that a gift of $10,000 will provide a fixed annual income of $570 for life.

Age			Yield
60			5.5%
61			5.5%
62			5.6%
63			5.6%
64			5.7%
65			5.7%
66			5.8%
67			5.9%
68			6.0%
69			6.0%
70			6.1%
71			6.2%
72			6.3%
73			6.5%
74			6.6%
75			6.7%
76			6.9%
77			7.0%
78			7.2%
79			7.4%
80			7.6%
81			7.8%
82			8.0%
83 and over			8.0%

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 10.9 percent of the amount of the gift. Thus, a $10,000 gift made at 50 will provide an annual income of $1,090 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			15.8%
47			12.5%
52			9.9%
57			7.9%