Annuities
Gift Annuity Rates
| Age | Rate | ||
| 90 and over | 10.5% | ||
| 89 | 10.1% | ||
| 88 | 9.8% | ||
| 87 | 9.5% | ||
| 86 | 9.2% | ||
| 85 | 8.9% | ||
| 84 | 8.6% | ||
| 83 | 8.3% | ||
| 82 | 8.0% | ||
| 81 | 7.8% | ||
| 80 | 7.6% | ||
| 79 | 7.4% | ||
| 78 | 7.2% | ||
| 77 | 7.0% | ||
| 76 | 6.9% | ||
| 75 | 6.7% | ||
MAKE A GIFT AND RECEIVE INCOME FOR LIFE
Please consider a Charitable Gift Annuity as a way to support Bethesda Hospital Foundation and provide yourself with guaranteed income for life.
Bethesda Hospital Foundation is a charitable organization licensed by the State of Florida to offer a Gift Annuity program.
In the Gift Annuity method of donating, you make an upfront donation and we make a contract with you to pay you income for life at a fixed rate of return. The minimum Gift Annuity is $10,000.
When you pass away the remainder goes to Bethesda’s charitable purposes.
There are many advantages to the Annuity:
- If your stocks are not providing income at a consistent level, you can transfer them to Bethesda Hospital Foundation and get the secure feeling of fixed lifetime income.
- Your Gift Annuity donation is put into Bethesda’s pool of other Gift Annuities that has a special back-up reserve required by the State of Florida to guarantee the payments for your lifetime.
- Your Gift Annuity donation qualifies you to take a tax deduction on the gift. The deduction is usually about half or less of the upfront gift because you are getting funds back in Annuity payments.
- The older you are the better because your age determines your rate of guaranteed fixed return.
- Your Gift Annuity income payments do not depend on whether the market goes up or down, but are a fixed rate.
- Your annual Annuity payment is mostly tax-free but partially taxable depending on your age. (Once you outlive your actuarial life expectancy, the entire payment is taxable though.)
- Recognition in one of the VIP donor clubs is offered depending on the level of the gift: Ambassadors Club at $10,000 and Foundation Club at $25,000.
- Individuals who donate $75,000 or more receive lifetime recognition at the Benefactors Pavilion Society donor level wherein complimentary access is provided to a private special wing of the hospital known as the Benefactors Pavilion (on a first-come, first-served basis depending on availability). Couples receive recognition with a donation of $100,000.
EXAMPLE
Katherine is an 82 year-old widow who is nervous about the economy and the way her stocks have gone down.
She would like to make a donation to Bethesda because she is grateful for having a world-class hospital so close to her Florida residence, but she can’t make an outright donation because she still needs the income.
Katherine transfers to Bethesda Hospital Foundation $25,000 in stocks that she and her husband bought years ago for $10,000. The Gift Annuity contract she signs with Bethesda Foundation provides her with:
- A guaranteed rate of return of 7.5% on the $25,000.
- Income for life of $1,875 a year paid out at $468.75 a quarter. (Of that amount, 30% would be tax-free, 45% would be capital gains, and 25% ordinary income for 8.3 years.)
- A tax-deduction of $13,268—about half of the upfront donation. In addition, at the $25,000 amount, Katherine is recognized at the Foundation Club donor level if she needs hospitalization. Call (561) 737-7733, ext. 5448 for your personalized rates.
*Bethesda Hospital Foundations uses as a guideline the rates set by the American Council on Gift Annuities (AGCA) http://www.acga-web.org