Gifts That Pay You Income
You Give. You Receive.
There's a way for you to support Baystate Health Foundation and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
Enjoy annual income for life for up to two beneficiaries and allow us to further our work. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Starting at $10,000, a CGA may fit your needs:
- Create increased income for retirement
- Reduce capital gains tax by funding a CGA with appreciated stock
- Enjoy the satisfaction of creating a future gift to support our lifesaving mission
Explore the Benefits of a Deferred Gift Annuity
ift Annuity Rates are based on your age. If you are over age 60 and want to ensure increased annual income at a later age, you might consider a deferred charitable gift annuity to receive a higher payment rate and increased tax benefits. To learn more, download this FREE guide Plan for Retirement With a Deferred Gift Annuity or contact us for a personalized illustration of what this could mean for you.
See How It Works
Here's a Potential Scenario
Julia, 75, is so thankful for the care she received at Baystate Health and wants to make a meaningful gift to the Davis Family Center for Heart & Vascular Care but she is afraid of outliving her savings. Julia was thrilled to learn she could receive a tax deduction and make a gift that would pay her income for life. She makes a gift of $25,000 to Baystate Health to establish a charitable gift annuity. Based on her age, she receives a guaranteed lifetime yearly income of $1,550 (a payment rate of 6.2%). She also takes advantage of an $11,423* charitable deduction on her taxes. Finally, Julia enjoys the satisfaction of knowing that after her lifetime, the remaining amount is a gift that will help save lives.
*Based on annual payments and a 3.2 percent charitable federal rate. Deductions and calculations will vary depending on your personal circumstances.
Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.View My Guide
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
Not Sure How to Begin Planning?Download Our FREE Personal Estate Planning Kit
- Contact Kylie Johnson at 413-794-7789 or email@example.com to receive a personalized illustration of what a Baystate Health Foundation Charitable Gift Annuity might mean for you.
- Seek the advice of your financial or legal advisor.
- When you include Baystate Health in your plans, please use our legal name and federal tax ID.
Legal Name: Baystate Health Foundation, Inc.
Legal Address: 759 Chestnut Street, Springfield, MA 01199
Mailing Address: 280 Chestnut Street, Springfield, MA 01199
Federal Tax ID Number: 04-3549011
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.