What is a charitable gift annuity
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A charitable gift annuity is a way to make a gift to support the causes that you care about. You make a gift of cash or property to us. In return, we will make payments for life to you, you and a loved one, or another person. Each payment will be fixed and the amount of each payment will depend on the age of the person who receives the payments. After all payments have been made, we will receive the remaining value of your gift to support the causes that matter to you.
There are a number of benefits with a charitable gift annuity. Your payments are fixed as of the date of your gift. This means that your payments will never change, even if interest rates or the stock market changes. Depending upon your gift, you may receive the added benefit of mostly tax-free payments. You will also receive a charitable deduction in the year that you setup the gift annuity
To learn more about charitable gift annuities visit foundation.mountnittany.org/ways-to-give. Melissa Aungst, senior development officer, Mount Nittany Health, will be pleased to assist you with your charitable gift planning. To reach her, please call 814.231.7836 or email maungst@mountnittany.org.
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