Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Charitable Gift Annuities: Gifts That Give Back.View My Guide
Gifts That Pay You Income
There's a way for you to support The Ferris Foundation and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
This type of donation can provide you with regular payments and support our students, faculty and researchers. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to Ferris State University but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 4.4%, which means that they will receive $880 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,819* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our students, faculty and researchers.
*Based on a 3.6% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
- Contact The Ferris Foundation at (231) 591-2365 or FerrisFoundation@ferris.edu for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Ferris State University.
- Seek the advice of your financial or legal advisor.
- If you include Ferris State University in your plans, please use our legal name and federal tax ID.
Legal Name: The Ferris Foundation
Address: 420 Oak Street, PRK 101, Big Rapids, MI 49307
Federal Tax ID Number: 38-6115813