Penn Impact Annuity

The Penn Impact Annuity is a way to plan a gift that has immediate impact. Like a Charitable Gift Annuity, this unique giving vehicle provides guaranteed payments to you or a loved one. In exchange for a gift of $25,000 or more, Penn Medicine will provide guaranteed lifetime annuity payments at an attractive rate. A donor has the option of designating one of Penn Medicine's priorities to receive the first three years of payments. Thereafter, the donor benefits from the advantage of the annuity payments. The Penn Impact Annuity also allows for a greater immediate charitable income tax deduction, given that the first three years of gift payments are included in the current charitable deduction. On termination of the annuity, the balance again supports Penn.