Charitable Gift Annuity
In giving, you receive…
The Charitable Gift Annuity is a tried and true way to make a gift and receive a secure income for life.
To create a Charitable Gift Annuity, a donor transfers an asset to charity. In turn, the charity agrees to make annual payments to the donor(s) for life. The specific rate is based on the age of the donor.
A Charitable Gift Annuity can be funded in a number of ways: cash, bonds or stocks.
In addition, the Annuity may significantly increase income. For example, if your stock has been producing dividends of 3 percent ($6,000 a year), a 7 percent annuity payment results in an annual increased income of $14,000.
The benefits don’t end there. A portion of the annual income payment may be tax-free, the gift triggers an immediate charitable income tax deduction and can also reduce your capital gains tax. For example, stock valued at $200,000 with an original cost of $40,000, may save more than $9,000 in taxes when transferred to a Charitable Gift Annuity.
A legacy for the future
By establishing a Charitable Gift Annuity with Sacred Heart Medical Center Foundation, you not only receive personal financial benefits, but you are also making an important investment in the hospital. This investment helps us continue to provide and improve upon the excellent medical services we offer to our community and region—now and into the future.
For more information
Contact the Foundation to find out how a Charitable Gift Annuity will help you increase your income and create tax savings while supporting health care.
All inquiries are completely confidential.
As with all estate planning and contributor opportunities, it is recommended that you review this with your financial advisors. A copy of the offering summary is available to all contributors.