Glendale Adventist Medical Center - Adventist Health
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Planned Giving

GAMC Charitable Gift Analysis

Gift Type

Gift Amount

Dist.%

Annual Payout

Taxable Amount

Charitable Deduction

Charitable Gift Annuity

$500,000

6.70%

$33,500

$10,519

$183,063

Charitable Remainder Annuity Trust

$500,000

5.00%

$25,000

$10,519

$263,483

Charitable Remainder Annuity Trust

$500,000

6.00%

$30,000

$30,000

$216,179

Charitable Remainder Annuity Trust

$500,000

6.90%

$34,500

$34,500

$173,606

Charitable Remainder Unitrust

$500,000

5.00%

$25,000

$25,000

$278,255

Charitable Remainder Unitrust

$500,000

6.00%

$30,000

$30,000

$248,755

Charitable Remainder Unitrust

$500,000

7.00%

$35,000

$35,000

$222,740

Charitable Remainder Unitrust

$500,000

8.00%

$40,000

$40,000

$199,815

 

In the above illustration, a couple ages 79 and 78 have an asset worth $500,000. They want to make a planned gift, one that provides them with lifetime income, an immediate income tax deduction and helps to minimize capital gains. They can do this all while also supporting the Healthcare Foundation.Instead of just handing you this chart, the Healthcare Foundation planned giving staff use it as a starting point to determine what is the best alternative for a specific donor.

For the above couple, the asset was simply cash. In that case, the charitable gift annuity at 6.7% makes the most sense since a large portion of their annual income will be tax free. If the asset was highly appreciated stock, the 6.9% charitable remainder annuity trust makes better sense.

Do you want to learn more? Contact us and we can build a series of realistic options that will meet your needs in a most satisfying way. You can reach us at (818) 409-8055.

The Legacy Circle

The Legacy Circle was created to recognize the generosity of friends and donors who designate a bequest to the future work of the Medical Center through a will or living trust. The Healthcare Foundation honors these donors by including their names on the Legacy Circle Donor's wall in the Main Lobby of the hospital.

If you would like to arrange a meeting with our Planned Giving officer, please call us at (818) 409-8055. We'll show you how to save income and estate taxes while passing more on to your heirs.

Notes:
The gift is assumed to be made by married donors, ages 79 & 78.
The distribution percentage for the Charitable Gift Annuity is based on the rates established by the American Council on Gift Annuities.
The distributions from the Charitable Gift Annuity will become 100% taxable in the year 2018.
The maximum distribution percentage for the Charitable Remainder Annuity Trust to qualify under IRC regulation is 6.9%.
Annual payout amounts for all three Charitable Remainder Unitrust scenarios reflect the initial year of the trust.
Payouts in future years will be based on the value of the trust on the first business day of the year.

Does the above information make sense? Any planned giving program can offer you an array of opportunities, as the above chart illustrates. The difference is that the Healthcare Foundation at Glendale Adventist Medical Center sorts through your options and provides you with targeted, specific information so that you can make a gift that fits your needs and ours.