Charitable Gift Annuities

The desire to support MassArt while retaining dependable income for the rest of your life can be accomplished with a charitable gift annuity (CGA). In return for a gift worth at least $10,000, the MassArt Foundation will make fixed annual payments to you, another person, or both for life. The amount of the payment is based on the age of the payment recipient(s), the amount of the gift, and is set forth in a simple contract created between you and the MassArt Foundation. A CGA features the following benefits:

  • Guaranteed, fixed payments backed by the assets of MassArt Foundation
  • Generally a portion of the payment is tax free
  • Your income may be increased if funded with low yielding securities
  • Favorable capital gains tax treatment if the gift is made with MassArt appreciated securities
  • An immediate income tax deduction
  • Possible reduction in estate taxes

TO INQUIRE ABOUT MAKING A PLANNED GIFT, CONTACT:

Marjorie O'Malley
Vice President of Advancement
617 879 7045
momalley@massart.edu