|
How does Little Company of Mary benefit from this arrangement? Little Company of
Mary invests the $25,000 in a special annuity fund, expecting not only to have
enough to make the quarterly payments to Mrs. Gilroy, but also to have enough left
over after Mrs. Gilroy is gone to benefit the patient care, charity care and
community outreach programs of the hospital.
|
|
|
Gift annuities can be obtained for the donor, or by the donor for someone
else. They can run for the life of one person or a couple. They can be funded
for any amount over $5,000 with cash or marketable securities. Payments can
begin soon after the gift is made, or years later. Besides the more obvious
uses, gift annuities can be used to help fund a college education and by
executives to supplement a retirement plan. They can be used by employers to
benefit their faithful employees, and they can help children provide added
financial support for aging parents.
|
|
|
The Office of Planned Giving would be happy to provide you with specific
information for your situation. To receive a complimentary personalized
illustration, send your name, address, telephone number, birth date and
asset value (cash or stock) to the hospital’s Director of Planned
Giving.
|
|
Page 1 |
Page 2 |
Page 3
|
|
