New higher rates mean more income for you!
Did you know that there is a way for you to support Baystate Health Foundation and feel confident that you will have dependable income in your retirement years?
When you establish a life income gift with Baystate Health Foundation, you or a loved one receive fixed payments guaranteed for life while providing lasting support to Baystate.
Benefits include:
- Enjoy the security of fixed, dependable payments for life for you and/or loved ones.
- Supplement retirement income.
- Receive a charitable deduction.
- Reduce capital gains tax.
- Support the area of Baystate Health most meaningful to you.
Consider the examples below:
Charlie, who is age 75, contributes $10,000 to Baystate Health Foundation in exchange for a charitable gift annuity. Based upon Charlie’s age and the date of his gift, the Foundation will pay him an annuity of $600 (6.0%) per year for the rest of his life. He will receive an income tax deduction of $4,880 for his contribution.
Dana, who is also age 75, contributes $10,000 to Baystate Health Foundation in exchange for a charitable gift annuity, but chooses to postpone her first annuity payment for five years until she is age 80. Dana will receive an income tax charitable deduction this year for $6,320 and, when Dana’s annuity payments begin, she will receive $830 (8.3%) per year for the rest of her lifetime.