Gift Annuities

A charitable gift annuity is a simple agreement in which a donor makes a gift (minimum of $10,000) and receives income-for-life in exchange. 

A single gift can create multiple benefits:

• It provides a regular, fixed income annuity for up to two persons' lifetimes.
• There is a charitable deduction for a significant portion of the gift.
• The annuity may be partially tax-free for a period of years.
• If it is funded with appreciated stock, there may be favorable treatment of gains.

The annuity rates are based on American Council of Gift Annuity guidelines.

For more information, please contact the Newport Hospital Foundation office, at 401-845-1617 or email Lianne Pinheiro at lpinheiro1@lifespan.org or contact Eric Archer, Planned Giving Specialist 401-423-0083or PGInfo@lifespan.org.