Ways to Give Plan a Legacy GiftCharitable Gift Annuity

 

Charitable Gift Annuity

Has your income been affected by low interest rates? Are you concerned about the volatility of the financial and stock markets? A Charitable Gift Annuity creates a steady, dependable stream of lifetime income.

Many donors who make a planned gift to Children’s Hospital Central California choose this program because they appreciate the dependability of knowing that every quarter, they will receive the same payment, year-after-year.

Benefits Include:

  • Excellent payment rate (up to 9.5%)
  • Income that is partially tax-free
  • Income tax charitable deduction
  • Leave a legacy for generations to come
  • Provides stable retirement income

Many times the disbursement from a Charitable Gift Annuity is greater than an individual might receive from another equally stable investment. For example:

Ms. Anderson, Age 75, has $25,000 invested in a money market account that pays 1%-plus per year. She transfers her funds to Children's Hospital Central California and creates a Charitable Gift Annuity. Based upon the July 1, 2010 American Council of Gift Annuities table, Ms. Anderson will receive payments of 6.4%.

As a result, Ms. Anderson:

  • Increases her annual income from this asset
  • Receives an immediate federal income tax deduction
  • Helps provide care for sick and injured children

NOTE: Although the information above is believed to be accurate, you should consult your attorney, accountant or gift planning advisor prior to taking any action.