Charitable Gift Annuity
This type of charitable giving benefits you with not only attractive income tax deductions, but also offers the security of fixed monthly return payments. Charitable Gift Annuity is actually an agreement between you and Palomar Health Foundation. You give a specific amount of cash, appreciated securities or other property. As a return for your gift, you are guaranteed a fixed annual income for life, or the life of a family member. The rate of your return may vary depending on your age. Charitable Gift Annuities offer tax benefits as well because the donation is set up as a gift.