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Home > Planned Giving > Invest in Our Future and Yours With a Charitable Gift Annuity

Invest in Our Future and Yours With a Charitable Gift Annuity

Establishing a charitable gift annuity (CGA) is a wonderful way for you to secure steady payments for yourself while providing benefits for charitable organizations.

With "charitable gift annuities," because we are a charitable organization, we make the payments to you for your lifetime. A CGA is a gift vehicle that pays you (and an additional annuitant, if you desire) a predetermined amount each year for life. The gift can be established with cash, securities or other property, and in return you receive fixed annuity payments on a regular basis.

The Financial Benefits
Aside from providing a gift to Sisters Hospital Foundation, your CGA will offer you the following benefits.

Charitable income tax deduction: The charitable income tax deduction varies according to your age and is taken in the year the gift is made.

Favorable capital gains treatment: If you make the gift with appreciated property, you generally avoid paying capital gains taxes on the gift portion of the transfer.

Tax-free portion: The payments you receive may be partially tax-free, whether they begin now or in the future. For gifts established with appreciated property, the payments will also be partially taxed at capital gains tax rates.

Lifetime payments: You (and/or a second individual) receive a fixed and secure amount for life. Generally, the older the donor, the higher the payment.

Estate taxes: If you are the sole annuitant, the payments cease at death and are not included as part of your estate. If your spouse is the remaining annuitant, his or her interest may qualify for the estate tax marital deduction. If an individual other than a spouse is the remaining annuitant, the value of the remaining payments is included in your estate for estate tax consideration.

Figuring Your Annuity Rate
In addition to the ages of the annuitant(s), rates are also adjusted according to the number of annuitants. While the annuity rate is a matter of agreement between you and Sisters Hospital Foundation, maximum rates are recommended by the American Council on Gift Annuities. Check with your legal advisor or our representative for current rates.
Gift Calculator Calculate how a charitable gift annuity can benefit you.


Gift Calculator Calculate how a deferred charitable gift annuity can benefit you.

Please contact Julie Snyder at 716-862-1992, or via e-mail at jsnyder@chsbuffalo.org, for more information.

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Copyright © The Stelter Company, All rights reserved.

The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.