Read the latest news! The amount Newton-Wellesley Hospital can offer to pay you has increased as of January 2024. If you defer the start of payments for a year or more, the increase is even greater. The higher annuity amount will result in a modestly smaller gift to us and lower charitable deductions to you. However, the higher annuity amount may make gift annuities more attractive to supporters seeking to make a gift and receive fixed payments for life.
Note: If you are 70½ and older, you could make a one-lifetime tax-free transfer of up to $53,000 from your Individual Retirement Account (IRA) to fund your Newton-Wellesley gift annuity. This option follows specific rules, so please contact us to learn more.