In this Article
Planned giving opportunities to help your community
In this Article
Create a gift annuity with your IRA
Boost your retirement income and make a difference.
Thanks to new retirement laws introduced in January, you can now fund a gift annuity (the gift that pays you) with a one-time election of up to $50,000 from your IRA if you’re 70½ or older.
Among the ways you benefit:
- You avoid the income tax hit that comes with typical IRA distributions.
- You (and your spouse, if you choose) receive income for life in the form of reliable payments that won’t change regardless of the stock market, interest rates or inflation.
- After your lifetime, the remaining balance becomes your legacy at Baylor Scott & White Dallas Foundation or another charity of your choice.
Another attractive benefit: Gift annuity payout rates are now higher than they have been in more than a decade.
For more information about this new option, contact Craig Foster at 214.820.8196 or Craig.Foster@BSWHealth.org.
