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 principal passes to Penn Medicine when the contract ends.
Benefits
- Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
- You can target your annuity payments to begin when you need them, such as 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
E-mail us or call us at 215-898-9486, or complete the Request Information form. We will happily assist you through every step of the process.