At Southwestern Medical Foundation, a gift annuity has the power to fund life-saving research. A generous charitable gift annuity from Paula Mosle, who is a longtime supporter of Southwestern Medical Foundation and UT Southwestern Medical Center, has shaped the work of the Peter O’Donnell Jr. Brain Institute. Her generosity has funded ground-breaking research to understand and treat the challenges of brain disease and injury. Read more about the Mosles’ incredible impact here.

A gift annuity allows one to make a charitable gift now and receive an income for the rest of one’s life. Income may also continue to a spouse or another person.

Recent payout rates were increased for the first time since 2012.

Payouts are based on one’s age at funding, with payments fixed for life. In some cases, income paid to the donor may exceed earnings from other investments. Other benefits include:

• A portion of the income will be tax-free.

• If funded with appreciated securities, capital gains tax will be lessened.

• Donors will receive an immediate income tax deduction.

Once all payments have been made, Southwestern Medical Foundation will direct the remaining portion of the gift to an area of your interest at UT Southwestern toward medical research, scholarships, or other medical purposes. A few examples of the new rates are as follows:
*The effective rate factors in tax savings from the charitable deduction and the amount of tax-free income produced by the gift annuity. Assumptions are a gift of cash; an income tax bracket of 32%; capital gains tax rate of 23.8%; and quarterly annuity payments.

 

 

To receive a personalized illustration, including your exact payout rate and potential tax benefits, please contact Randal Daugherty, Director of Planned Giving, UT Southwestern Medical Center, at (214) 648-3069 or email him at randal.daugherty@utsouthwestern.edu.

 

Read more of our 2019 Planning Matters Spring series:

Baseball and Legacy: First Base

Baseball and Legacy: Second Base

Baseball and Legacy: Third Base

Baseball and Legacy: Home Run

A Message from Our President and CEO