Skip to content

Charitable Gift Annuity

A charitable gift annuity is a simple agreement between you and Harper College Educational Foundation. In exchange for a gift of cash or appreciated assets, you receive fixed payments for life.


Click to play video which describes a gift of charitable gift annuity

How It Works

  • You transfer cash or securities to Harper College Educational Foundation. Our minimum gift requirement is $10,000.
  • Harper College Educational Foundation pays you, yourself and a spouse, or any two beneficiaries you name, fixed payments for life.
  • Beneficiaries are recommended to be at least 65 years of age at the time of the gift.
  • The remaining balance passes to Harper College Educational Foundation when the contract ends.
  • You can also create a life income gift through your IRA. Discover more here.


  • Receive more income for your money because of higher rates.
  • Receive dependable cash-flow for life, regardless of fluctuations in the market.
  • In many cases, receive payments at a rate higher than the interest you are currently receiving on investments.
  • Receive an immediate income tax deduction for a portion of your gift.
  • A portion of your annuity payment will be tax-free for a number of years.