Charitable Gift Annuity
A charitable gift annuity is a powerful way to establish a meaningful legacy and make a direct impact on the care of the Northeast Ohio community.
As its name implies, a charitable gift annuity is both a gift and an annuity. It's a popular gift plan because it benefits both charities and donors. When you contribute cash or appreciated property to University Hospitals, part of your gift supports UH and part is returned to you in annual payments for life.
Is a Charitable Gift Annuity Right for You?
Consider a gift annuity if you want to:
- Make a significant gift with cash or appreciated property and receive payments for life
- Enjoy fixed payments that are not affected by any volatility in the stock market
- Provide a family member with income for life
- Benefit from a tax deduction now but delay payments until retirement
Benefits of a $10,000 Charitable Gift Annuity
| Age | Rate | Annual Payment | Deduction |
| 65 | 4.8% | $480 | $4,051 |
| 70 | 5.3% | $530 | $4,423 |
| 75 | 6.0% | $600 | $4,818 |
| 80 | 7.0% | $700 | $5,196 |
Please note that this information is for illustrative purposes and is not intended as tax or legal advice. Rates are subject to change and are based on rates suggested by the American Council on Gift Annuities. Gift annuities are not available in all states.