Hunterdon Medical Center Foundation > Ways To Give > Enjoying The Benefits of Gift Annuities

Many who enjoy making gifts in support of their charitable interests have discovered that gift annuities can be one of the most effective ways to make their gifts—while continuing to meet other important financial goals.

If you are 65 or older, you can make a gift to Hunterdon Medical Center Foundation while you also:

Enjoy generous payments that will continue and never change as long as you live

Unlock spendable income from low-yielding assets

Help support a sibling, parent, or other loved one

Reduce or eliminate gift, estate, and income taxes

Avoid unnecessary probate expense

How Do Gift Annuities Work?
Under the terms of a charitable gift annuity, you make a gift of cash or appreciated securities through a simple agreement that provides for regular, fixed payments that are designed not to decrease in size or frequency, regardless of interest rate changes for stock market fluctuations.

In addition to increased spendable income, gift annuities provide additional tax and financial benefits:

Freedom from worry about management of assets used to fund the gift annuity.

A generous federal income tax deduction for a portion of the amount transferred.

Part of each payment is received free from income tax for a period of time.

Capital gains tax can be bypassed at the time of the gift.

Estate taxes and probate expense and delay can be avoided on amounts used to fund your gift annuity.

Payments that also benefit family or other loved ones if you wish.

How To Fund Your Annuity
Cash can be the most convenient asset to use to fund your gift annuity. When you give cash for your gift annuity, you will enjoy immediate tax savings. In addition, the maximum amount of each payment may be received free of income tax.

As noted above, securities that have increased in value but yield less spendable income than you would like can also be an excellent choice of property to give in this way.

Check with the Hunterdon Medical Center Foundation for current rates before you give.

IMPORTANT NOTES:
The minimum amount required to fund a gift annuity with Hunterdon Medical Center Foundation is $10,000. The minimum age is 65.

If you would like to receive a free brochure on The Charitable Gift Annuity, please call Hunterdon Medical Center Foundation at (908) 788-6141.

If you would like to receive a free Charitable Gift Annuity illustration, please call The Hunterdon Medical Center Foundation at (908) 788-6141. You will need to provide us with your birth date and the dollar amount you are considering for your annuity.

It is important to consult your tax attorney or financial advisor to discuss the applicability to your own situation in making a charitable gift.