The Deferred-Payment Gift Annuity

How Does It Work

1. Transfer cash or other property to Sewanee
   
   
2. Sewanee guarantees to make lifetime payments—for up to two annuitants—beginning at a future date of your choosing
   
   

Benefits

• Guaranteed payments for life that are favorably taxed
  
  
1. When gift is funded with cash, part of payment will be tax-free
   
   
2. When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
   
   

• Federal income-tax deduction for a portion of your gift
  
  
• Gift will provide generous support for Sewanee
  
  

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