Charitable Gift Annuity
A gift that pays you — now with higher rates!
A charitable gift annuity is a great option for donors who want to support our mission while enjoying fixed payments for life, a tax deduction, and savings on capital gains when donating appreciated assets.
Benefits of a charitable gift annuity
- Receive fixed payments to you or another income beneficiary for life
- Receive a tax deduction for the charitable gift portion of the annuity
- Benefit from payments that may be partially tax-free
- Improve quality of life for our patients and families through your gift annuity
How a charitable gift annuity works
A charitable gift annuity is a contract between a donor and a charity that provides donors with fixed payments for life. By the Bay Health works with a third-party organization to offer gift annuities to donors.
- You can fund a gift annuity with a minimum gift of $20,000 made with cash or stock.
- In exchange for your gift, one or two income beneficiaries receive fixed payments for their lifetimes. The minimum annuitant age is 55.
- You will receive a charitable income tax deduction for the gift portion of the annuity.
- You also receive satisfaction, knowing that you will be helping further our mission.
If you decide to fund your gift annuity with cash, a larger portion of your annuity payment with be tax free. Funding a gift annuity with appreciated securities can increase your income because of reduced capital gains cost.
|
Annuitant Age |
65 |
70 |
75 |
80 |
85 |
90+ |
|
Rate |
5.4% |
5.9% |
6.6% |
7.6% |
8.7% |
9.7% |
Contact us
If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.
Additional Information
With a current gift annuity, you may transfer cash or stock in exchange for fixed payments beginning as early as this year. You will receive an up-front charitable income tax deduction for the value of your gift.
Deferred charitable gift annuity (for payments at future date). Perhaps you are not ready to begin receiving payments until a future date, such as when you retire. With a deferred gift annuity, you establish the gift annuity today, receive a charitable income tax deduction this year, but defer the payments until a designated date sometime in the future. Best of all, because you deferred the payments, your annual payment will be higher when the payments start than they would have been with a current gift annuity.
Flexible deferred charitable gift annuity (gives you flexibility as to when the payments will start). With a flexible deferred gift annuity, you retain the flexibility to decide when the annuity will begin making payments. 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.