Support Groundbreaking Medical Research
With a Gift That Pays You Income for Life
Why make a gift that pays you income, offers tax benefits and supports TGen’s lifesaving work?
- You will receive fixed, guaranteed payments for life, providing a stable source of income for you and/or a loved one.
- You want to save on your 2022 taxes.
- You have stock or mutual funds you want to sell, but are concerned about owing capital gains taxes.
- Your gift will be used to accelerate genomic discoveries and shape the future of health care and precision medicine.
How It Works:
- You donate cash or securities worth $25,000 or more to TGen* to create a charitable gift annuity. In return, you receive income for life and immediate tax benefits. Your payment rate depends on your age (you must be at least 60) and when your payments start.
- Your payments are guaranteed and will never change no matter how long you live or how the market fluctuates.
- After your lifetime, the balance of your gift will fund TGen’s lifesaving work.
*Charitable gift annuities are established through City of Hope for the benefit of TGen.
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Sample Payment Rates*
**Rates as of July 1, 2020 — for illustration purposes only
Frequently Asked Questions
Q: Is a charitable gift annuity a good alternative for my maturing low-rate certificate of deposit?
A: If increasing cash flow is a top priority, the generous, guaranteed, fixed payments from a charitable gift annuity are a great solution. Charitable gift annuity payment rates are very attractive, as high as 8.6% (and even higher for certain deferred gift annuities), depending on your age.
Q: Is there a way to avoid capital gains taxes when redeeming appreciated stock?
A: Yes! If you contribute appreciated stock to TGen to fund a charitable gift annuity, you may avoid some capital gains tax. You will also be eligible for a charitable income tax deduction — plus you will enjoy lifetime income.
Q: Are my payments secure?
A: Yes. Your payments never change and are backed by the full assets of City of Hope.
Q: Is there a minimum age or donation amount required to establish a TGen charitable gift annuity?
A: TGen requires a minimum donation of $25,000, although it is not uncommon to contribute $100,000 or more. You must be age 60 or older to establish a charitable gift annuity with us. Younger donors may be able to establish a deferred charitable gift annuity. If you are looking ahead to retirement, you can delay the start of payments and realize a higher payment rate.