Gifts That You Pay Income

CHARITABLE GIFT ANNUITY

 

 

HOW IT WORKS:

  • You transfer cash or securities to Palomar Health Foundation. 
  • The Foundation pays you, yourself and a spouse, or any two beneficiaries you name, a fixed income for life.
  • Beneficiaries are recommended to be at least 55 years of age at the time of the gift.
  • The remaining balance will be applied by the Foundation to the purpose you stipulated, when you signed the annuity contract.

BENEFITS:

  • Receive dependable, fixed income for life in return for your gift.
  • In many cases, receive payments at a rate higher than the interest you are currently receiving from stocks. CDs, or savings accounts.
  • Receive an immediate income tax deduction for a portion of your gift.
  • A portion of your annuity payment will be tax-free.

 

Disclaimer: The information presented here is not offered as legal or tax advice. 
Please consult a professional tax adviser.

  • Palomar Medical Center Escondido

     

    2185 Citracado Parkway

    Escondido, CA 92029

    442.281.5000

  • Palomar Medical Center Downtown Escondido

     

    555 East Valley Parkway

    Escondido, CA 92025

    760.739.3000

  • Palomar Medical Center Poway

     

    15615 Pomerado Road

    Poway, CA 92064

    858.613.4000