Start a Charitable Gift Annuity
Your gift earns you income and supports our mission to help every child grow up stronger.
Gifts That Pay You Income
There is a way for you to support Snowline Hospice and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
With a charitable gift annuity, you agree to make a gift to Snowline Hospice. We, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance supports our work.
This type of donation can provide you with regular payments for life and allow Snowline Hospice to further our mission. You can also qualify for various tax benefits, including a federal income tax charitable deduction if you itemize.
Your payments depend on your age at the time of the donation.
*An Example of How It Works
Fred, 66, and Barbara, 65, want to contribute to Snowline Hospice. They also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 4.5%, which means they will receive $1,125 each year for the remainder of their lives. When they itemize, they are also eligible for a federal income tax charitable deduction of $9,156*. Finally, they know that the remaining amount will support our mission after their lifetimes.
*Based on a 1.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.