Charitable gift annuities are life income gifts. You transfer assets now, receiving a charitable deduction for a portion of the transfer, and you or a beneficiary receive income for the rest of your life or a fixed period of time. Both you and Siskin Hospital can benefit from life income gifts such as these.
The charitable deduction you receive and the rate of guaranteed payment back to you depends upon your age and that of any other annuitants you may wish to include. In some cases you may find that your rate of return is significantly higher than what you may be receiving in other investments.
For more information on charitable gift annuities, contact your lawyer, financial advisor, or the Siskin Hospital Development office at 423.634.1208.