A gift annuity is perhaps the simplest and most popular charitable life-income arrangement. In exchange for a gift of cash, marketable securities or, in some circumstances, real estate, you or a loved one are guaranteed fixed payments for life. The principal remaining at death passes to Cleveland Clinic.
Benefits
- Gift annuities are an ideal gift option during an economic downturn.
- They do not require a complicated agreement.
- An annuity can be funded with as little as $5,000.
- A portion of each gift annuity payment will not be subject to federal income tax.
How a Gift Annuity Can Work for You
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Contact Us
For a confidential discussion about the benefits of establishing a charitable gift annuity to 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.
Supporter Spotlight: Tom Kay
"Gift annuities are a great way of having stable income for life, especially now with low returns from other options."
Pyramid Legacy Society member and 2009 Crile Award winner, Tom Kay, and his late wife, Margaret, established 12 gift annuities to Cleveland Clinic with gifts of cash as building blocks for the future.
