Interested in a tax deduction and increasing your future retirement income?
A deferred-payment gift annuity may be your answer. This giving option involves a transfer of cash or marketable securities to Cleveland Clinic in exchange for a gift annuity to likely begin at your retirement age.
With this option, you will receive an immediate charitable income-tax deduction for each gift transferred to the deferred-payment gift annuity. Once your annuity payments begin, a portion of the payment will be tax-free. The longer you choose to defer payment, the larger the payout.
Other deferred-payment charitable gift annuity benefits include:
- Guaranteed lifetime annuity payments
- Retirement supplement for yourself or your beneficiary
- Tax deduction in the current gift year, in addition to receiving future payment benefits
Contact Us
For a confidential discussion about by establishing a deferred-payment gift annuity with Cleveland Clinic, please call Institutional Relations and Development at 216.444.1245 and ask to speak with a member of our gift planning team or email giftplanning@ccf.org.
