In exchange for a gift, The Chester County Hospital Foundation agrees by contract to pay a fixed amount each year to one or two beneficiaries (the annuitants) for life.
The amount of the annuity payment will depend on the ages of the annuitants and the value of the assets donated. The Chester County Hospital Foundation offers the rates that are suggested by the American Council on Gift Annuities, a national organization. Upon establishing a charitable gift annuity, you are entitled to a current income tax deduction for a portion of the value of the assets given to fund the charitable gift annuity.
The material presented in this website is not offered as legal or tax advice. We urge you to seek the advice of your tax advisor, attorney and/or financial planner to make certain a contemplated gift fits well into your overall circumstances and planning.
For more information, please contact Colleen Becht-Foltz, Director of Development, at Colleen.Becht-Foltz@uphs.upenn.edu or by calling 610-431-5697.
Last Updated: 7/27/2016