A charitable gift annuity is an easy form of planned giving. To create a charitable gift annuity, you agree to donate cash, stock, or other assets to a Sutter Health affiliate. In return, you (and a beneficiary, if desired) receive a fixed payment, called an annuity, for life plus tax benefits.
Although the donation is irreversible and can never be retrieved from the charity, charitable gift annuities are an extremely flexible way to make a gift.

How it Works

1. You donate assets to a Sutter Health affiliate organization.
2. The Sutter Health affiliate pays you, and a beneficiary (if desired), a fixed income for life.
3. At the end of your life (or at the end of the contract), any remaining assets pass to your Sutter Health affiliate.

Joyce and Burton had been married for 47 years. Not long before Burton died, the couple looked into converting some of their certificates of deposit into a charitable gift annuity. They met with their advisors and determined it was a wonderful plan.

Joyce: We met with our tax advisor and looked at the idea. When I saw the income we would have for the rest of both of our lives and compared to what we were receiving from our CD's, I was amazed! Plus there were tax benefits that helped us immediately. And now, I don't have to do a thing - it's all taken care of.

This was something Burton and I did together, and I'm happy; really happy we did it when we could do it together!"

A charitable gift annuity can provide tax benefits now, and a lifetime income for you and a beneficiary. Perhaps also it brought peace of mind to Burton knowing that Joyce would have the resources she needed if he was no longer there.

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A deferred gift annuity is a variation on a gift annuity. A gift is made and the charitable organization promises in return to pay you an income stream that begins on a future date you specify. Since the payments do not begin for a period of time, the fund will grow without withdrawals until the payments begin. With more money in the fund once payments begin, the payments will be larger than with a comparably-sized immediate annuity.
Specific rates on current gift annunities
Generic example of a charitable gift annuity
Graphic example of a charitable gift annuity

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Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. Use of this site signifies your agreement with the terms of use. The content in this Planned Giving section has been developed for Sutter Health by Future Focus. Please report any problems to the Webmaster Revised: June 23, 2006 11:53