Turning Your Gift into Lifetime Income

Several years ago, Colleen Dauterman Mounsey and her husband made a gift to Morton Plant Mease Health Care Foundation in the form of a deferred gift annuity. Below, she shares her experience and why they chose to give.

Colleen: "We had always made contributions to the Foundation by sending a check, but in 2003 we heard about the advantages of a deferred gift annuity."

Advantages of a deferred gift annuity include:

• A higher guaranteed interest rate by deferring the receipt of annuity checks until a later date
• A current tax deduction for a portion of the gift and a favorable tax treatment of the annuity income received in the future

Colleen: " We also learned that we could create a joint gift annuity that would continue paying at the guaranteed rate until the last spouse died. It seemed like a smart choice to us - a way to make a sizable gift to our excellent hospital system, as well as a way to assure additional income for our retirement."

Colleen made her gift to the Foundation during her higher income producing years, and deferring the income until her retirement age. To receive an illustration of the tax savings and income you could receive, please contact our Planned Giving Department.