Many donors enjoy the way a charitable gift annuity provides the comfort of knowing you or a loved one will receive a steady stream of income for life.
With a charitable gift annuity you make a gift to Baystate Health Foundation and, in return, we agree to pay you (and a loved one, if you choose) a fixed amount each year for the rest of your life. Plus, you may take an immediate tax deduction for a significant portion of your gift.
Rates depend on the age of the recipient(s) and when your payments begin — which can start now or be deferred to a future date to qualify for an even higher rate.
For example, rates on a minimum gift of $10,000 currently range from 5.7% percent for 65-year-old donors to 10.1% percent for donors aged 90.
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, free from market fluctuations.
- You want to save income taxes or capital gains taxes.
- You want to ensure the bright future of quality healthcare for the community.
Special Note: If you are 70½ or older, instead of cash or securities you can make a one-time gift of up to $53,000 from your IRA retirement plan to fund a gift annuity.
Many donors have found a charitable gift annuity to be a smart way to support the areas of Baystate Health that mean the most to them. Contact us for a personalized illustration. 413-794-7789 or
Kylie.Johnson@BaystateHealth.org.
Gift annuities may not be available in all states. This information is for illustrative purposes and is not intended as tax or legal advice.