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Gift Annuities

  • Want an opportunity to support Olivet's mission while also securing reliable income for the rest of your life? Establish a Charitable Gift Annuity (CGA) with Olivet.
  • Creating a Charitable Gift Annuity with Olivet is a convenient way to make a contribution that benefits both you and the University. Your investment will provide steady, fixed payments for the rest of your life.

    Gift Annuities provide you with a number of options. You can decide to establish either a One-Life Gift Annuity (income is paid to a single person for life) or Two-Life Gift Annuity (income is paid to two people for life).

    If you’re ready to make a contribution to the University, but don’t need to receive Annuity payments immediately, you can establish a Deferred Gift Annuity. This will delay income payments from your Annuity to a future date and allow your payout rate to appreciate.

    You can also designate the Gift Annuity payments to a third party, such as a child, friend or sibling.

    Funding a Gift Annuity  

    A Charitable Gift Annuity can be established through Olivet with a minimum contribution of $10,000. Types of donations include: cash, appreciated stocks and bonds, and real estate.

    Your benefits   

    • Helping Olivet students both today and tomorrow
    • Generous, fixed-rate payments to you or a loved one for life
    • Favorable payout rates
    • Significant tax advantages
    • Immediate tax deduction
    • Partial tax-free income from your Annuity
    • By-pass capital gains tax for gifts of appreciated securities or property
    • Qualification for Heritage Society membership 

    For more information, please call us at 815-939-5171 or email us at

    We also encourage you to visit our Planned Giving Center for more information on Gift Annuities and other forms of planned giving.

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  • Establish income for life with a Charitable Gift Annuity!

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    Bernie Dunfee

    Bernadine (Bernie) Dunfee was a visionary woman from humble beginnings. Her life of accomplishment began to flourish when she came to “Old Olivet” in 1935 and studied Math for three years. Although she...More

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    the age you’re required to begin making withdrawals from your retirement fund.