ANNUITY
A Gift Plus Annuity allows you to make gift to support Campbellford Memorial Hospital Foundation while at the same time receiving a guaranteed, predetermined income for life that can be tax-free. It is an ideal choice for donors who may be concerned about the amount of tax that they are now paying.
How You Benefit from Gift Plus Annuities
Annuities are high quality, guaranteed investments that provide regular payments to you and/or your spouse.
Immediate Gift:
A Gift Plus Annuity enables you to give a lump sum to Campbellford Memorial Hospital Foundation for immediate use.
Tax Free Income:
Each payment is a blend of capital and interest – the capital portion of your payment is non-taxable. The blend is structured so you pay very little or no tax.
High Return:
A Gift Plus Annuity can provide you with a higher rate of return than those available on similar investments such as guaranteed investment certificates or Canada Savings Bonds.
Insured:
The Canadian Life and Health Compensation Corporation insure your payments, which guarantee annuity payments up to $2,000/month in the event of an insurance company failure.
Worry Free:
You are free from investment management concerns.
Flexible:
You can purchase an annuity now and defer the payments to a later date.
Convenient:
You choose the payment structure that suits you – monthly, quarterly, annually and your payment can be deposited directly into your bank account.
Tailored:
Campbellford Memorial Hospital Foundation works with financial advisors to explore the variety of options available in the marketplace and ensure that your gift is set up to meet your needs.
Reputable:
After the details of the annuity have been decided, Campbellford Memorial Hospital Foundation purchases the charitable annuity from a reputable commercial institution on behalf of you, the donor.
Please Seek Expert Advice
Working out the terms of a charitable gift annuity requires financial planning advice. The size of the annuity and your age are used to calculate the size of your payment. For further information, please call our office at 705-632-2014.