With a charitable gift annuity (CGA), your gift to Beaumont will provide you with secure, fixed payments over your and/or your spouse's lifetime. The payments are partially free from income tax. You will receive a charitable tax deduction for a portion of the value of the gift in the year you make the gift. If you contribute appreciated securities you will save on capital gains taxes as well.

Assets remaining at the end of your lifetime are available to support our mission.

A CGA is attractive because the rate of return is typically higher than yields from stocks or bonds. When combined with partially tax-free payments, the effective rate of return is even higher.

Funding for CGAs can come from:

• Annual mandatory retirement plan distributions
• Matured certificates of deposit
• Inheritance
• Dividends
• Savings bonds (especially those no longer paying interest)

When bonds are redeemed or retirement distributions are received, the donor recognizes ordinary income for income tax purpose, which can be partially offset by the CGA tax deduction.

Suggested Charitable Gift Annuity Rates

For more information on planned giving, please call 248-551-9825.