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It's a great time to consider making an impact for Baystate Health with the gift that gives back!
Payout rates for charitable gift annuities are higher than they have been in more than a decade. Now is a terrific time to consider this incredible gift, which provides you with stable, secure income for life.
Once you lock in your higher rate, it is yours for life no matter how the markets change. What better way to support our lifesaving and life-enhancing mission for the future.
A charitable gift annuity could be right for you if:
- You want to maintain or increase your cash flow.
- You want the security of fixed, dependable payments for life.
- You want to save income taxes or capital gains taxes.
- You would like income that is partially tax-free.
- You want to make a generous gift to Baystate Health Foundation.
- You are considering a gift amount of $10,000 or more.
- You are at least 65 years of age.
How It Works
With a gift annuity, you make a donation using cash, marketable securities, or other assets, and, in exchange, Baystate Health Foundation pays you a fixed amount for life. You’ll receive stable, secure payments for life (and the lifetime of a loved one, if you choose) plus a charitable tax deduction and other tax benefits.
Gift Annuity Rate Charts (as of Jan. 1, 2024)
| One Life | |
|---|---|
| Age | New Rates |
| 65 | 5.7% |
| 70 | 6.3% |
| 75 | 7.0% |
| 80 | 8.1% |
| 85 | 9.1% |
| 90+ | 10.1% |
| Two Life | |
|---|---|
| Age | New Rates |
| 65/70 | 5.2% |
| 70/75 | 5.8% |
| 75/80 | 6.5% |
| 80/85 | 7.3% |
| 85/90 | 8.7% |
| 90/95+ | 9.9% |
CONSIDER GIVING APPRECIATED ASSETS: Funding a CGA with appreciated assets, such as securities, offers additional benefits - reducing the capital gains tax you would have paid if you sold the securities.
ANOTHER EXCITING OPTION! If you are 70½ or older, you can now make a one-time election for a qualified charitable distribution of up to $53,000 (without being taxed) from your IRA to fund a gift annuity.
REQUEST YOUR PERSONALIZED EXAMPLE
We’re here to help! Call or email to request a free, no-obligation personalized illustration showing you the increased benefits you can receive from a CGA, including your potential income tax charitable deduction and our annual payments to you for life. Reach out to Kylie Johnson at 413.794.7789 or Kylie.Johnson@BaystateHealth.org to begin. We look forward to working with you!