| Flexible Gift
Annuity Facilitates Retirement Planning  Recently,
Mines has received several gifts in the form of flexible
gift annuities. This vehicle is a
simple contract between the donor and Mines.
In exchange for an irrevocable gift of cash or securities, Mines agrees to pay one or two
annuitants a fixed sum each year for life, with payments starting at least one year after
the donor’s gift.
The annuitants may elect to start receiving payments on any one of a range of dates. The older the annuitants at the time of gift and
the longer they elect to defer payments, the greater the fixed income they receive.
In most cases, part of each payment is tax-free, increasing its after-tax value. The flexible annuity is particularly valuable for
donors who want to make a gift to offset income now, but wish to defer payments until they
retire.
For more information, contact Susan Delahunt, Planned Giving Officer, at (303) 273-3709
or
susan.delahunt@is.mines.edu.
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