Charitable gift annuities are one of the oldest and most reliable charitable investment tools available to donors – a Jordan annuity will make your assets work for you and your Hospital. When you give through a gift annuity to the Jordan, you make a legacy gift you may not have thought possible, while also arranging for a dependable, tax free income supplement that will continue as long as you and/or your loved one should live.

A charitable gift annuity helps you make a meaningful legacy gift that can free you from worries about outliving your resources. You will enjoy a fixed source of income, one that is not affected by fluctuating interest rates or the unstable performance of investment markets.

If you are 70 years old or older, you can make this very special gift to the Jordan while you also:

• Enjoy generous quarterly payments that will continue and never shrink as long as you live;
• Unlock spendable income from low-yielding assets;
• Help support a surviving spouse, sibling, elderly parent, or other loved one;
• Reduce or eliminate gift, estate, and income taxes;
• Reduce and defer capital gains tax when you make your gift by donated appreciated securities that have been held for a year or more;
• Enjoy the benefits and camaraderie of membership in our Eben Jordan Legacy Society.

How does a Charitable Gift Annuity work?

1. You make a gift of cash or appreciated stock to Jordan Hospital. You may direct your gift to a specific purpose, program or service, or allow the funds to be used where needed most. A minimum gift of $10,000 is necessary. The gift is then invested by the Jordan.
2. In return for your generous gift, you receive a guaranteed lifetime income from the Jordan for you and/or another person named as a beneficiary by you.
3. Upon your death, or that of the surviving income beneficiary named by you, the gift annuity principal is paid to the Jordan for the use you have specified.

The rate of return is based on the beneficiary’s age at the time the charitable gift annuity is established. Generally, the more senior the beneficiary, the higher the rate of return. The Jordan follows the rates generated by the American Council on Gift Annuities, a national organization that employs actuaries to set pay out rates for this type of charitable gift.

Deferred Gift Annuities – future income for younger donors

A deferred gift annuity allows you to make your gift while you are still employed, taking advantage of the charitable gift deduction in the year you make the gift to the Jordan, and deferring the income to a future year. This deferral period results in a larger charitable deduction, and much greater fixed income in the future.

For more information, please contact Judith Lage-Margalejo at 781-934-9463 or via email at jmargalejo@jordanhospital.org.