See How It Works
Charitable Gift Annuity
There's a way for you to support University of South Carolina or one of its affiliated foundations and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity. A charitable gift annuity involves a simple contract between you and South Carolina or one of its affiliated foundations where you agree to make a gift to South Carolina or one of its affiliated foundations and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.
The minimum for a charitable gift annuity is $50,000 with a payout capping at 7%. The USC Educational Foundation will take a five percent (5%) gift annuity reserve fee at the time the gift annuity is funded; this does not affect the payout rate. For the complete gift annuity policy, effective July 1, 2016, please click on this link [pdf].
This type of donation can provide you with regular payments and allow us to give our students a world-class education at a top-tier research university. It helps keep that education affordable and accessible to all deserving students. When you give a charitable gift annuity to USC, you help create a college experience that takes students beyond the classroom and develops leaders. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
A Real-Life Example: Meet Edwin Pearlstine
Earning a degree from Carolina is not a prerequisite to becoming a diehard Gamecock. Just ask Edwin Pearlstine, who started attending South Carolina football games about 40 years ago with good friends who introduced him to the Garnet & Black fraternity of fans at Williams-Brice Stadium. He's been a member in good standing ever since.
Pearlstine, a Charleston native and businessman, attended the "other" Carolina, but his allegiance is solidly with this one. So much so, in fact, that he's designated a generous charitable gift annuity to ultimately benefit South Carolina's Athletics Department. This gift will not only ensure his support for the Gamecocks for a long time to come, but it will also provide him with guaranteed income payments for life.
Gift Planning Resources
Get Payments for Life
Learn more about charitable gift annuities in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.View My Guide
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.
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
Not Sure How to Begin Planning?Download My FREE Personal Estate Planning Kit
Our expert development officers are here to help you tailor your gift to benefit you and the university.
Office of Gift Planning
Contact us for our federal tax ID number.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.