Charitable Gift Annuity
How It Works
- You transfer cash or long term held appreciated securities to Penn Medicine.
- Penn Medicine pays you, or up to two annuitants named by you, a lifetime annuity.
- The remainder passes to Penn Medicine annually.
Benefits
- You receive an immediate income tax deduction for a portion of your gift.
- Your lifetime annuity payment is guaranteed by Penn Medicine.
- Your annuity payments are treated as part ordinary income, and for stock gifts, part capital gains, part tax-free income.
- You have the satisfaction of making a significant gift that benefits you now and Penn Medicine later.
Deferred or Flexible Deferred Gift Annuity
How It Works
- You transfer cash, securities or other property to Penn Medicine.
- Beginning on a specified date, Penn Medicine pays you, or up to two annuitants named by you, fixed annuity payments for life.
- The remainder passes to Penn Medicine when the annuity ends.
Benefits
- Deferral of payments permits a higher annuity payment rate and generates a larger charitable deduction.
- You can target your annuity payments to begin when you need them, such as during retirement or when a grandchild needs help with tuition payments.
- The longer you defer payments, the higher the effective rate you will receive.
- You have the satisfaction of making a significant gift now that benefits both you and Penn Medicine later.
For More Information
Email or call us at 215-898-9486.