How it works:
- You transfer cash, securities, or other property to Whitman College.
- You receive an income tax deduction and may save capital gains tax.
- Whitman College pays a fixed amount each year to you or to anyone you name for life. Typically, a portion of these payments is tax-free. The annuitants may elect when to start receiving payments. The payment amount will depend on the start date the annuitants elect.
- When the flexible gift annuity ends, its remaining principal passes to Whitman College.