With a Charitable Gift Annuity, you make a gift of cash or marketable property to the Bryn Mawr Hospital Foundation. We reinvest the assets and guarantee you a fixed income for life (and, if desired, for another beneficiary's lifetime). The annuity rate determines the annual amount paid to you and is related to your age. After the lifetimes of all beneficiaries, the funds are available for Bryn Mawr Hospital.
Current charitable gift annuity rates for single-life annuitants:
Age 65. . . . . . 5.5%
Age 70. . . . . . 5.8%
Age 75. . . . . . 6.4%
Age 80. . . . . . 7.2%
Age 85. . . . . . 8.1%
90 and over . .9.5%
These rates conform with the American Council on Gift Annuities suggested rates for annuities funded after June 30, 2006. For more information, please contact Dr. Scott Janney, CFRE, Director of Planned Giving, at 484-580-4196 or email Scott. We suggest that you discuss any planned gift with your attorney or financial advisor.
Benefits of charitable gift annuities include:
A lifetime income for yourself and possibly another person
The portion of the transaction that is considered a gift (usually about 40 to 50 percent) is eligible for an income-tax deduction as a charitable contribution
Part of the annual income (usually more than 30 percent) is considered a tax-free return of capital, excluding it from gross income until you reach your life expectancy
If you and/or your spouse are the only beneficiaries, the value of the annuity may not be taxed in your estates (it may qualify as a marital deduction
For more information, call 1.866.CALL.MLH.