Charitable Gift Annuity Can Provide Fixed Life Income - Now or Later
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.

 

Use this easy gift annuity calculator to determine your annual rate of return
1. Annuity Type: 
One Life (Single)   Two Life (Couple)
2. Your Age:     
3. Gift Amount: $

As you see, the rate with the age of the donor. The rate remains constant after the gift is made

 
Age Return* Age Return* Age Return*
55 6.7% 67 7.4% 79 9.2%
56 6.7% 68 7.5% 80 9.4%
57 6.8% 69 7.6% 81 9.6%
58 6.8% 70 7.7% 82 9.8%
59 6.9% 71 7.8% 83 10.0%
60 6.9% 72 7.9% 84 10.2%
61 7.0% 73 8.1% 85 10.5%
62 7.0% 74 8.2% 86 10.8%
63 7.1% 75 8.4% 87 11.1%
64 7.2% 76 8.6% 88 11.4%
65 7.2% 77 8.8% 89 11.7%
66 7.3% 78 9.0% 90 12.0%

*The rates are current as of the date of publication. For up-to-date information please call the Office of Development at 314.577.5605 or 800.269.0552.

Generous Income Tax Advantages
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. The amount of the deduction depends on your age.

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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