When it comes to Children's, it's better to give and receive. Mary Eleanor Jones first began giving her time and leadership to Children's Hospital Auxiliary back in 1954. In the nearly 50 years since, she and her husband, Monroe, have been serving the hospital in many ways—all of which have had an incredible impact on the children in our care.
Their most recent gift, that of a charitable gift annuity, is particularly special. Not only is it a way to a guarantee a fixed income for the rest of their lives and enjoy significant tax advantages, but it will also help children for generations to come by supporting Children's Legacy Circle and the Auxiliary's Mabel Jessop Endowment, a permanent fund that helps Children's meet its highest and most urgent needs.
In short, such a gift offers tremendous benefits to both the donor and the charity. The rate of return for charitable gift annuities is impressive, and there are other advantages as well. A portion of the gift qualifies as a charitable deduction. In addition to tax advantages, you may also save on investment charges, attorney fees and estate settlement costs.
"In my opinion, no endeavor is more beneficial than helping children," says Mary Eleanor. "As a volunteer in many organizations, I feel that none has been more gratifying than my association with Children's."
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.