• The oldest, simplest and most popular of the charitable life-income plans.
  
  
• In exchange for an irrevocable gift of cash or approved marketable property to the Medical Center, Rush promises to pay a fixed amount annually to you or your designated beneficiary for life.
  
  
• You'll receive generous fixed payments annually (or more frequently if desired) that will never vary in amount.
  
  
• The amount of your payment is a percentage of your gift determined by the beneficiary’s age and other factors at the time your gift is funded.
  
  
• You can also choose to name another person – typically a spouse, parent, or sibling – to receive payments with you, instead of you, or following your lifetime for the remainder of his or her life.
  
  
• Income tax benefits - because your gift is irrevocable, you will be entitled to an immediate income tax charitable deduction for a portion of your contribution. In addition, part of each annual payment is tax-free for the period of time equal to your life expectancy.
  
  
• Estate tax benefits – Your taxable estate is generally reduced by the value of the assets used to fund your gift annuity.
  
  
• FYI - in a few highly regulated states, Rush is not authorized to offer charitable gift annuities. Contact us for more information.
  

For additional information on Rush’s life income plans please contact Vicki Woodward at (312) 942-6954 or vicki_j_woodward@rush.edu.