Charitable Gift Annuity
For people interested in fixed income returns, the charitable gift annuity is worth one’s consideration. Given the ups and downs of financial markets, many people look to the charitable gift annuity as a way to create a steady, dependable stream of lifetime income. Pay-out rates of the gift annuity are currently between 5.7 % and 11.3 %, based upon the individual’s age. The charitable gift annuity is an opportunity to make a charitable gift to support Shady Grove Adventist Hospital and receive lifelong income at the same time.
Attractive Pay-Out Rates
| Age |
One Annuitant |
| 60 |
5.7% |
| 65 |
6.0% |
| 70 |
6.5% |
| 75 |
7.1% |
| 80 |
8.0% |
| 85 |
9.5% |
| 90+ |
11.3% |
As Recommended by the American Council on Gift Annuities (Effective July 1, 2003)
The Charitable Gift Annuity Presents Many Benefits
- Income for life - at attractive payout rates for one or two lives (see the current payout rates above);
- Tax-free income - a large part of your annual payment is a tax-free return of principal;
- Tax deduction savings - a significant part of what you transfer will be a deductible charitable gift;
- Capital gains tax savings - when you contribute securities for a charitable gift annuity you minimize any capital gains tax;
- Support for Shady Grove Adventist Hospital - by making a substantial gift you help ensure the Hospital’s future well-being.
For specific information on the Gift Annuity, you may telephone Shady Grove Adventist Hospital Foundation at (301) 279-6534 and request a personal illustration.
All gifts received by Shady Grove Adventist Hospital Foundation benefit Shady Grove Adventist Hospital.