|
How does Providence Little Company of Mary benefit from this arrangement?
Providence 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
|
|
