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Charitable Gift Annuity

Are you tired of living at the mercy of the fluctuating stock and real estate markets? A charitable gift annuity is a gift made to Purdue that can provide you with a secure source of fixed payments for life.

How you benefit

  • You receive fixed payments to you, or another annuitant you designate, for life
  • You receive a charitable income tax deduction for the charitable gift portion of the annuity
  • You benefit from payments that may be partially tax-free

How it works

You transfer cash or property to Purdue. In exchange, we promise to pay fixed payments to you for life. The payment is dependent on your age, and a portion of each payment may even be tax-free. You will receive a charitable income tax deduction for the gift portion of the annuity.

If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also avoid a portion of the capital-gains tax by making a gift of appreciated securities to fund a gift annuity.

Questions?

Contact Jeanne Butler at jlbutler@purdueforlife.org.

Additional information

There are different types of charitable gift annuities:

  • With a current charitable gift annuity, payments begin within one year. You may transfer cash or property in exchange for our promise to pay you fixed payments. You will receive an income tax charitable deduction this year for the value of your gift to Purdue.
  • With a deferred charitable gift annuity, payments begin at a future date when you are ready to begin receiving payments, such as when you retire. You establish the gift annuity today, receive a charitable income tax deduction this year, but defer the payments until a designated future date. Best of all, because you deferred the payments, your annual payment will be higher when the payments begin than it would have been with a current gift annuity.
  • With a flexible deferred charitable gift annuity, you have flexibility in deciding when payments will begin. As with a deferred gift annuity, you establish the annuity today and receive a charitable deduction this year, but the payments are deferred until such time as you elect to begin receiving the payments.
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President’s Council

John Purdue Club

Patsy J. Mellott

BS College of Health and Human Sciences, 1969
Fishers, IN

Patsy earned a bachelor’s degree in food and nutrition in business from Purdue in 1969, in addition to an MBA in food marketing from Michigan State University in 1970. She retired from Kraft Foods in 2006 after 36 years in corporate food marketing and marketing communications management.

A community volunteer, Patsy serves on the Women’s Fund of Central Indiana Advisory Board and the Purdue College of Health and Human Sciences Dean’s Leadership Council, in addition to the President’s Council Advisory Board. She is a former member of the Health and Human Sciences Alumni Board. Patsy held several offices from 2006 through 2013, including president and treasurer. She serves her community’s Discover Indianapolis Club in Fishers, holding several leadership roles for over 10 years.

Patsy has received several honors, including the Purdue University Nutrition Science Department Hall of Fame recipient in 2009 and the Purdue University College of Health and Human Sciences Distinguished Alumni Award in 2016. She also received the college’s Gold and Black Award in 2016, an honor reserved for donors who have moved the college forward by committing exceptional financial resources.

In addition to endowing two scholarships, the Patsy J. Mellott Scholarship and Patsy J. Mellott HHS Scholarship, she established the Patsy J. Mellott Teaching Innovation Award in the College of Health and Human Sciences in 2013. In 2015, she endowed the Patsy J. Mellott Women’s Tennis Coach Performance Award. She is a lead donor in the Christine M. Ladisch Faculty Leadership Award and the Purdue Women’s Network Virginia C. Meredith Scholarship for the College of Health and Human Sciences.