Jane W. of Rockland likes the security of receiving income payments from her assets. She also wanted to help her community and save taxes. At her present age of 75, Jane is now receiving $630 annually in quarterly installments for her Gift Annuity of $10,000. The charitable deduction on this Gift Annuity is $4,170 on her 2009 income tax return, and she is pleased that she is receiving a 6.3 percent return, plus the tax savings.

Jerry D. of Hope wants to plan for a secure income in retirement as well as establishing a tribute gift at Pen Bay Healthcare for his mother, so at age 60 he's chosen a deferred Gift Annuity. When he starts receiving payments at age 70, his rate of return is 8.6 percent, plus solid tax savings in the coming years.

The pink piggy bank made Jane and Jerry smile.
When you fund a Gift Annuity, you can, too. 

For more information about
Charitable Gift Annuities,
please click here.
(This link will open in a new window)
Charitable Gift Annuity Calculator (click here, new window)

To learn more about Planned Giving at Pen Bay Healthcare, click here.