A charitable gift annuity (CGA) is a simple contract between you and Baystate Health Foundation (BHF). By donating cash or securities to the Foundation, BHF pays you a fixed income for life. A charitable gift annuity provides secure payments to you and/or your loved ones and allows for a current income tax deduction. Currently, gift annuity rates are more favorable than those for CDs and many fixed-income investments. You can count on always receiving the same, stable level of payments from a charitable gift annuity, regardless of market fluctuations.
Benefits of this popular option include:
- Receive a secure, fixed income for you and/or your loved ones.
- Enjoy charitable deductions and other tax-saving opportunities.
- Reduce capital gains tax when funded with long-term appreciated stock.
- Establish a gift with as little as $10,000.
- The joy of supporting the area of Baystate Health most meaningful to you.
Options
IMMEDIATE PAYMENT CHARITABLE GIFT ANNUITY
You can establish a charitable gift annuity that may begin paying you soon after it’s established. Payments can be made to your bank account by direct deposit and can be distributed monthly, quarterly, or semi-annually…it’s up to you!
Gift of $10,000
|
AGE |
ANNUITY RATE |
ANNUITY PAYMENT |
DEDUCTION |
|---|---|---|---|
|
65 |
4.2% |
$420 |
$3,013 |
|
70 |
4.7% |
$470 |
$3,652 |
|
75 |
5.4% |
$540 |
$4,262 |
|
80 |
6.5% |
$650 |
$4,721 |
|
85 |
7.6% |
$760 |
$5,410 |
|
90 |
8.6% |
$860 |
$6,227 |
DEFERRED CHARITABLE GIFT ANNUITY
A deferred gift annuity may be the right fit for you if you do not need additional current income, but want a charitable deduction now and/or a strategic way to increase income in the future. You choose when your income begins – at age 65 or later. The longer you wait for your income stream to start, the higher the rate. This is a way to increase retirement income while supporting Baystate Health’s lifesaving mission.
Sample Rates*
|
AGE |
YEARS DEFERRED |
AGE AT 1ST PAYMENT |
ANNUITY RATE |
ANNUAL PAYMENT |
DEDUCTION |
|---|---|---|---|---|---|
|
60 |
5 |
65 |
4.8% |
$480 |
$2,725 |
|
60 |
10 |
70 |
6.1% |
$610 |
$3,374 |
|
65 |
5 |
70 |
5.4% |
$540 |
$3,561 |
|
65 |
10 |
75 |
7.1% |
$710 |
$4,420 |
*Please note that this information is for illustrative purposes and is not intended as tax or legal advice. The amount of your deduction will depend upon the date of your gift. Annuity rates and amounts are based on rates suggested by American Council on Gift Annuities. Contact us for a personalized illustration. 413-794-7789 or Kylie.Johnson@BaystateHealth.org.