If you would like to support groundbreaking research at the University of Minnesota and also receive steady income for life, a charitable gift annuity may be right for you. Through a simple contract, you agree to make a donation of cash, stocks, or other assets to the Minnesota Medical Foundation. In return, we agree to pay you a fixed amount each year for the rest of your life.
In addition to providing future support for research and receiving lifetime fixed payments, a charitable gift annuity offers additional benefits
•Your gift is partially income tax-deductible.
• Your gift payments are partially income tax- free throughout your estimated life expectancy.
• Your payments are fixed—unaffected by economic ups and downs.
• The gift annuity can be for one or two people, so your spouse or another loved one can also receive payments for life.
• If you use appreciated stock to make your gift, you can eliminate capital gains tax on a portion of the gift; typically, you can spread the rest of the gain over your life expectancy.
To receive a personalized illustration of how a charitable gift annuity can work for you, contact the Minnesota Medical Foundation’s gift planning team at 612-625-1440, 800-922-1663, or email@example.com.