A charitable gift annuity allows you to take a sum of money and use it to purchase an annuity that will generate an income for you the rest of your life, while the remainder goes to St. Paul’s Hospital Foundation as a gift. Often the gift annuity can be set up in such way that the income you receive is greater than the returns you currently see from this investment.
Benefits of setting up an annuity
- Guaranteed, secure income for life.
- You are entitled to a donation receipt that can be used to reduce taxes.
To learn more about charitable gift annuities, consult your financial advisor or contact us.