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Our charitable gift annuity will pay you (and a survivor, if desired) a fixed dollar amount after you make an irrevocable gift to Cardinal Glennon Children's Medical Center. The amount of the annuity payment is determined by your age at the time your contribution is made. If you itemize deductions on your tax return, you may take a charitable deduction for part of the value of your gift when you file that year's income tax return.
As you see, the rate with the age of the donor. The rate remains constant after the gift is made
*The rates are current as of the date of publication. For up-to-date information please call the Office of Development at 314.577.56.05 or 800.269.0552. Generous Income Tax Advantages Example: Harriet, age 70, gives us $25,00 to fund a gift annuity for her. She will receive a return of 7.7% for the rest of her life, or $1,925 per year. Over 62.5% of that income will be tax-free for the next 15.5 years. Plus, she is allowed a charitable deduction of $6,319! |
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Copyright © 1997-2006 Cardinal Glennon Children's Foundation. All
Rights Reserved. |