Turn Your Generosity Into Lifetime Income
Charitable Gift Annuities
When you are looking for ways to help Texas Medical Association Foundation with our mission, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support TMA Foundation's work while receiving fixed payments for life is a charitable gift annuity.
Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity to benefit TMA Foundation you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Delay Your Payments
If you are younger than 60 or don't need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement. To learn more, view and download the FREE guide Plan for Retirement With a Deferred Gift Annuity.
Learn more about the many benefits of a charitable gift annuity* in our FREE guide Strengthen Your Future With a Charitable Gift Annuity. TMA Foundation can work with you and your local community foundation or other third-party administrator to establish and manage Charitable Gift Annuities.View My Free Brochure
Check Out This Potential Scenario
Say that Justin, 66, and Mary, 65, want to make a contribution to TMA Foundation that will support our work for generations to come, but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity with TMA Foundation. Based on their ages, they will receive a payment rate of 4.4%, which means that they will receive $880 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,819* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on a 3.6% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
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- Contact Lisa Stark Walsh, MA at 800-880-1300, x1666 or 512-370-1666 or email@example.com for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with TMA Foundation.
- Seek the advice of your financial or legal advisor.
- If you include TMA Foundation in your plans, please use our legal name and federal tax ID.
Legal Name: Texas Medical Association Foundation
Address: 401 W. 15th Street, Suite 100, Austin, TX 78701
Federal Tax ID Number: 74-6073346
All prospective gifts are reviewed in accordance with TMA Foundation gift acceptance policies.
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 examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your 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.