A gift annuity is a contract between you and the hospital whereby you receive a fixed annuity payment each year for life with the remainder benefiting the hospital. When the contribution is made, the interest rate is fixed depending on your age. The older you are, the higher the interest rate you receive, which makes gift annuities the most popular life income plan for our older friends. Sample rates are listed below. You can contribute either cash or securities for a gift annuity.
Appreciated securities are a popular way to donate since much of the capital gain is avoided.
The above rates are for one-life gift annuities. Two-life rates are available upon request. The income is based on a negotiated percentage of the value of the trust, generally 5 percent to 7 percent, and the dollar amount can either be fixed at the time of the gift, or can be recalculated annually based on the value of the trust. A charitable remainder trust may be funded with a house or other real estate, stocks, bonds, cash, or other assets. We also welcome other types of planned gifts such as life insurance gifts, beneficiary designations in retirement plans, and retained life estates.