An example of a gift that pays you is the charitable gift annuity. A gift annuity may be an excellent way for you to provide a lifetime income for yourself, and to make a significant gift to Watson Clinic Foundation, Inc. A charitable gift annuity is a contract between the contributor and the Watson Clinic Foundation, Inc. In return for a current contribution, made with either cash or securities, the Foundation agrees to pay a certain annuity to the donor or a beneficiary chosen by the donor. The donor may also choose to have the payments continue for the life of a spouse, or another loved one.

Payment rates and tax benefits are determined by the amount of the gift, the age of the beneficiaries, and whether cash or securities are given. The payments are fixed, and guaranteed by the Foundation for the life/lives of the income recipients. A portion of the payments is free from federal income tax, and the donor is eligible for a charitable deduction in the year the gift annuity is established.

When stock is used to fund a gift annuity, you would be eligible for a charitable deduction for the full fair market value of the stock (provided it has been held for at least one year). No capital gains tax is due at the time of the gift. However, a portion of the subsequent annuity payment is treated as a capital gains distribution and subject to tax.

Your personal financial situation is unique, so you should be sure to talk to your financial advisor before making a life income gift or a gift of stock or securities.

Find out the current gift annuity rates.

Watson Clinic Foundation Inc. qualifies under 501(c)(3) of the IRS code. Our Federal Tax ID number is 59-1100876.

A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800-435-7352) WITHIN THE STATE. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE.