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Charitable Gift Annuities
Gift Example
The example below is based on a factor that changes monthly. Request for a personal gift illustration based on the latest rates.
You hold a stock portfolio that has appreciated well but only pays you 2 percent income per year. You are now 70, and you are concerned that if you sell some of the stock to reinvest in bonds, capital-gains taxes will cut heavily into the proceeds. You want to make a gift of $50,000 to California Hospital Medical Center Foundation, but you need the income that your portfolio provides.
You are looking for a gift plan that will continue this income and increase it, if possible. Here's a summary of the income and tax benefits from this gift annuity:
| Donor (Age 70) | |
| Amount contributed (stock) | $50,000 |
| Cost basis | $25,000 |
| Gift annuity rate | 5.1% |
| Annual payments | $2,550 |
| Tax-Free portion | $992 |
| Charitable deduction | $18,456 |
| Note: The charitable gift annuity is not the only gift plan that creates cash-flow. Compare its benefits with those of the annuity trust and the unitrust. | |
For assistance with this gift plan, please complete the request information form or contact Susan Shum at (213) 742-5662 or email to susan.shum@dignityhealth.org
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