Charitable Gift Annuities

With the Palm Healthcare Foundation Charitable Gift Annuity you will improve the health of Palm Beach County and you will receive a guaranteed fixed income for life with an attractive rate of return – as high as 9.5 percent.

A charitable gift annuity is a contract between you and Palm Healthcare Foundation.  You can contribute cash or marketable securities to PHF and, in return, you receive a guaranteed fixed income for life. Your gift will help us build a solid foundation for the future needs of Palm Beach County.  At your death, the remainder of your gift that has not been used for your life income will allow Palm Healthcare Foundation to continue to support innovative health solutions in our community.

How do you benefit?

  • Income for Life. You receive fixed income from Palm Healthcare Foundation for life.  This income is guaranteed by the foundation and is paid on a monthly, quarterly, semiannual or annual basis.  A significant part of the income you receive is tax-free (as determined by official Treasury tables).
     
  • Attractive Rates. The rate of return is very attractive – higher than you are currently receiving on your bank CD or savings account.  (The amount you receive will depend on several factors including your age). 
     
  • Eliminate Investment Risk:  Your annuity payment will always be there—in a fixed amount—regardless of market volatility.
     
  • Immediate Charitable Deduction. You will receive a sizable charitable income tax deduction in the year the gift is made.
     
  • Capital Gain Benefits. If the gift consists of appreciated property (such as stocks or bonds), then a significant portion of the capital gains tax is avoided.
     
  • Take Care of Loved Ones. Gift annuity payments can be designated to your spouse or another loved one to provide a guaranteed stream of income that will be partially tax free.
     
  • Leave a Legacy.  Receive the personal satisfaction of knowing that your gift will benefit the health of Palm Beach County citizens.


Palm Healthcare Foundation Charitable Gift Annuities are designed for donors 65 and older who wish to make a gift of $10,000 or more.  All Charitable Gift Annuities are subject to approval by the Foundation. 

An Example:

“Connie,” 75 years old, wishes to make a gift to Palm Healthcare Foundation to support nursing education.  She has a $50,000 CD coming due and decides that a charitable gift annuity is the perfect way to make her gift and still give her the security she needs in her retirement. She receives an annual payment of $3,200 (6.4%) from Palm Healthcare of which $2,259 is tax free, and claims a charitable deduction of $22,002 the year she makes her gift.  Connie is recognized by Palm Healthcare Foundation for her gift of $50,000 and experiences the impact of her generosity in her lifetime.