If you are under 55, or want to start receiving annuity payments at a later date, you can defer the payments to a specified time, such as your retirement. The deferred gift annuity allows you to make a gift now, when your earnings are high, with payments to begin in the future. The rates on deferred gift annuities are determined by the payment start date and your age when payments begin.

Philanthropically motivated individuals can creatively use deferred gift annuities to:

• Supplement retirement income
  
• Assist a grandchild or other family member with college expenses