Palliative Care & Hospice Foundation of Catawba Valley

Charitable Gift Annuities

A charitable gift annuity may be an excellent way for you Foundation logoto provide a lifetime income for yourself, and to make a significant contribution to the Palliative Care & Hospice Foundation. A charitable gift annuity is a contract between the contributor and the Foundation. In return for a current contribution of either cash or securities, the Foundation agrees to pay a certain fixed amount to the donor or a beneficiary chosen by the donor.
 
Payment rates and tax benefits are determined by the amount of the gift and the age of the beneficiaries. The payments are fixed, and guaranteed by the Foundation for the life/lives of the income recipients. These payments can begin immediately or postponed to some future time, for example, retirement. A portion of the payments are free from federal income tax, and the donor is eligible for a charitable deduction in the year the gift annuity is established.

When stock is used to fund a gift annuity, you could be eligible for a charitable deduction for the fair market value of the stock (provided it has been held for at least one year). No capital gains tax is due at the time of the gift; however, a portion of the income is treated as a capital gains distribution and is subject to being taxed.

Your personal financial situation is unique, so you should be sure to talk to your financial advisor before making a life income gift or a gift of stock.

Palliative Care & Hospice Foundation of Catawba Valley qualifies under 501(c)(3) of the IRS Code.

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