Bradley University  ::Attending Bradley :: Apply Online :: Student Life :: Our Community :: Visit Us :: A to Z :: Search :: Home

Bradley Hilltopics

Fall 2007 • Volume 13, Issue 4
In Appreciation

"It was one of the smartest things I have done . . ."

Jesse F. Maberry '65

“The annuity fits nicely into my estate plans.”Jesse F. Maberry ’65

Jesse F. Maberry ’65 of Oregon, Illinois, said his Bradley education provided a foundation for a successful career in engineering, banking, and insurance. He recently retired as vice president of Aurora Bearing Company in Aurora. Maberry created an annuity as a way to give back to the institution that gave him his start. “My Charitable Gift Annuity created an opportunity to do something significant for future Bradley students as others had previously done for me.”

The Charitable Gift Annuity:

  1. pays you a quarterly income at a fixed rate
  2. gives you an immediate tax deduction
  3. plus, part of the guaranteed income may be tax free.

It is especially attractive to donors whose appreciated assets may be producing a low level of income. Often, Charitable Gift Annuities pay donors at a higher rate of return than their current investment. The rate paid is based on the age(s) of the donor(s), and the annuity guarantees a lifelong fixed rate of return. Donors may defer receiving the benefit from their annuity for a period of years, increasing the rate they are paid.

This annuity option is an easy, yet significant way to support the University and its mission. Donors may elect to designate the residual value of the annuity to a program or project of particular interest. Current rates are shown in the table below and may change periodically.

Interest rates paid for annuities are based on the ages of one or two individuals:

One Life
Two Lives
Age
Rate
Age 1/Age 2
Rates
55
5.5%
55/55
5%
60
5.7%
60/60
5.4%
65
6%
65/65
5.6%
70
6.5%
70/70
5.9%
75
7.1%
75/75
6.3%
80
8%
80/80
6.9%
85
9.5%
85/85
7.9%

Contact the planned giving office at 309-677-3093 or e-mail tdavis2@bradley.edu for more information about gift options and their benefits..