Deferred payment gift annuities offer the following benefits:

• Allow you to save income taxes now; provide for a guaranteed fixed income in later years (beginning at a specific pre-determined time selected by you) and to make an important future contribution to Rush.
  
  
• Involve the current transfer of cash or marketable securities in exchange for which the Medical Center agrees to pay you an annuity starting at a future date—usually upon retirement.
  
  
• The amount of your future annual payments is dependent upon your age at the time of the gift and the length of time you choose to "defer" the payments.
  
  
• This "deferral" often results in higher payout rates and a higher income tax deduction when compared with the immediate annuity.
  
  
• At your death, the remaining proceeds from the gift come to Rush to be added to its general endowment or to support whatever purpose you had designated.
  
  

• Tax benefits are similar to those of an immediate payment gift annuity, but to compensate for the deferral period they typically include a more substantial charitable income tax deduction in the year you make the gift and a higher quarterly rate when payments begin.
  
  

For more information on life income plans, please contact Vicki Woodward at (312) 942-6954 or vicki_j_woodward@rush.edu.