The Many Benefits of a Charitable Gift Annuity
Described by many as a "gift that gives back," a charitable gift annuity is an ideal gift that benefits Eisenhower while also providing a donor with attractive financial benefits. In sum, a charitable gift annuity will provide financial benefits now and for the rest of the donor's life. The impressive financial benefits of a charitable gift annuity include:
- Secure income payments for life
- Annual tax-free income
- An immediate tax deduction
- Attractive income payments
The annual payment rates can range from 5.1% per year to 9.0% per year for a one-life annuity. The payment rate is based on the donor's age (or donors' ages) at the time annuity is funded. The rate is guaranteed for the rest of the donor's life by Eisenhower Medical Center. If a donor is married or would like to benefit another family member or friend, a gift annuity can also be set up to pay income for the lives of two individuals.
Charitable gift annuities have increased in popularity especially with retirees because of low interest rates and the unpredictable stock market. The financial press has also highlighted these benefits.