What are the benefits I, as a donor, derive from creating a G.A.?
You may derive the following benefits: • You are making a gift that will support the University of Florida, its students, faculty, research, facilities, or programs. • You receive an income tax or estate tax charitable deduction for part of the value of the assets you transfer to fund the G.A. • If you fund your G.A. with appreciated assets (and you are an annuitant), part of the capital gains will not have to be reported by you, and those you do have to report may be prorated over your lifetime. • Part of the payment you receive may be viewed as return of principal, and as such is nontaxable to you. • Part of the payment you may receive may be tax-advantaged or taxed at lower rates than ordinary income. • You may reduce or eliminate gift tax liability associated with your gift to UF and to your other beneficiaries. • You may reduce or eliminate estate tax liability associated with your gift. Q: What reasons have previous donors given for doing a G.A.? A: Here are some of the reasons t
