Charitable Gift Annuity
One of the most convenient methods to make a planned gift is to fund a charitable gift annuity. This is a contract (not a "trust"), under which The Wistar Institute, in return for a transfer of cash or marketable securities agrees to pay a fixed amount of money (payment) to one or two individuals for their lifetime.
The contributed property is given irrevocably and becomes a part of the charity's assets, and the payments are a general obligation of the charity. Payments are provided to the donor quarterly and are based on the donor’s age at the time the annuity is created. (Rates are provided by the American Council on Gift Annuities.) The annuity is backed by the charity's entire assets, not just by the property contributed.
Currently Wistar is offering this opportunity solely to residents of the states of Pennsylvania or Delaware. Also these are limited to people age 60 and over. Annuities may be deferred until a later date and also may provide for two beneficiaries.
For more information, call 215-898-3930.