Founded in 1946, TTU has a passion for challenging students
academically and encouraging them to grow in their faith.
Charitable Gift Annuities
This is a method of irrevocably transferring $5,000 or more in cash and/or securities to the Tennessee Temple University Foundation, who in turn, guarantees to pay you a fixed amount of income on a regular basis for life. This allows you to claim a generous contribution deduction on your federal income tax return in the year of the gift. A large portion of your annual income from the gift annuity is tax-free. Considerable savings in both estate taxes and probate costs are also provided.
|Example: Bob Johnson is 75 years old. He purchases a $10,000 gift annuity with Tennessee Temple University Foundation. He will receive an immediate income tax deduction of $4,433 that he will be able to deduct from this year's income tax. He will receive $710 a year, for the remainder of his life, of which 63.2% ($448.72) is tax-free.
Give to Tennessee Temple University
|Chariatable Remainder Annuity Trusts||Charitable Gift Annuities|
|Charitable Lead Trusts||Charitable Remainder Unitrusts|
|Life Insurance Gifts||Living Trusts|
|Real Estate Gifts||Wills|