“We gave a gift annuity to the FNIH because it is safe and secure and provides income and tax savings during our lifetimes and we are leaving a legacy that will provide for valuable medical research at the NIH. It is a great opportunity.”

— Paula and Bill Bradley, Albuquerque, NM

A gift annuity is a great way to donate to FNIH and receive income back. In return for your donation of $10,000 or more in cash or marketable securities, you (or someone else you choose) receive a fixed percentage of the donation back each year for the rest of your life. The fixed amount you receive will not change- it is unaffected by the economy.

Here are examples of just some of the options available to you:

Immediate One Person Annuity - Example: A single person, age 75, donates $50,000 in cash to establish a gift annuity with FNIH. At the current annuity rate of 5.8% for age 75, the annuity pays $2,900 each year for the rest of the annuitant’s lifetime. The donor is eligible for a substantial income tax deduction of $20,508.  And 82% of each year’s annuity payments, $2,378 of the $2,900 received, is tax-free.
 
Joint and Survivor Annuity - You can also choose to set up an annuity that pays to you and another person until the survivor’s death for more security and longevity.
 
Example: A couple, age 80 and 77, donate $20,000 to FNIH from a maturing CD. At the current annuity rate of 5.5% for ages 80 and 77, the annuity pays $1,100 each year until the end of the survivor’s lifetime. There is no change at all in the annuity rate when the first of the couple dies.  The donor is eligible for a substantial income tax deduction of $7,342. And 83% of each year’s annuity payments, $910.89 of the $1,100 received, is tax-free.
 
Deferred Annuity - You can choose to receive payments immediately or, if you do not need the income now, defer them until a later age to increase the amount you will receive and the tax benefits.
 
Example:
 
A 55 year old donates $25,000 in cash to establish an FNIH gift annuity.  Because the donor/annuitant is deferring annuity payments until age 70, they receive a generous fixed annuity rate of 8.2%, or $2,050 yearly beginning at 70. The donor is eligible for an income tax deduction of $7,000.75.  And $1,131.80, of 55% of each year’s annuity payments are tax-free.
 
Tax Benefits - There are also great tax benefits. You are eligible for an income tax deduction on a portion of your donation. Also, part of the annuity payments you receive can be tax-free. If you choose to give appreciated securities, you can also reduce and defer the capital gains tax on those securities.
 
Support - At the end of your lifetime, FNIH benefits from the remaining amount attributable to your gift. We use it to support the life-saving work at NIH.  You may designate a specific area of research or work to receive funding, or have your donation support the work that is most needed at NIH.
 
The Process - Please contact Rob Drucker for more information. Rob can send you a gift annuity profile if you provide the age(s) or birth date(s) of the annuitants.  If you decide to establish a gift annuity, Rob then prepares a simple agreement for you and FNIH to sign, and sends you all the tax information you need at the time of your gift.  You will also be sent tax information on an ongoing basis to make it easy for you to ensure your tax savings on the annuity.
 
We promise that we will steward the funds you have given in accordance with your wishes and in the most responsible way possible.  If you so choose, for your kind gift, we will also show our appreciation by honoring you as a member of the FNIH Legacy Society.
 
For more information, please contact Rob Drucker in the Partnership Development Office at (301) 594-7121; rdrucker [at] fnih [dot] org; or by mail at FNIH, 9650 Rockville Pike, Bethesda, MD 20814.