Charitable Gift Annuity
Gifts That Pay You Income
There's a way for you to support a MultiCare program or foundation and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
With a charitable gift annuity, you agree to make a gift to to support the MultiCare program or foundation you care about and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support the program or foundation you choose.
This type of donation can provide you with regular payments for life and will provide better care in your community in the future. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction if you itemize.
Delay Your Payments.
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options by downloading this FREE guide Deferred gift annuities: Plan now, benefit later.
Calculate your benefits
Submit a few details and see how a charitable gift annuity can benefit you.
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to the MultiCare Foundation's Hospice and Palliative Care fund but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 3.9 percent, which means that they will receive $780 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $4,878* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our end of life care in their community.
*Based on a 1.2 percent charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Get free planning help
The MultiCare Foundations is proud to provide free and confidential estate planning services through Thompson & Associates for friends like you.
Not sure how to begin planning?Download a free personal estate planning kit
Ready for next steps?
- Contact our gift planning team at 253-403-3093 or firstname.lastname@example.org for a personalized gift annuity illustration and to talk about the personal benefits of creating an annuity to support the MultiCare programs or foundations you care about.
- Seek the advice of your financial or legal advisor. (Need an advisor? Look here for advisors familiar with MultiCare foundations and services.)
Legal Name: MultiCare Health System
Address: 315 Martin Luther King Jr. Way, Tacoma, WA 98405
Federal Tax ID Number: 91-1352172