When Gay Fischer of Ohio set up a Charitable Gift Annuity (CGA) with National Jewish Health, she was continuing her mother’s tradition of giving to the institution.
Gay learned of her mother’s longstanding support of National Jewish Health when she took over her finances late in her mother’s life. While she could never uncover why her mother had given to the institution, Gay always kept National Jewish Health in the back of her mind. Gay started supporting the institution herself in 1992.
In 2013, Gay set up a CGA, which provides her with a fixed income for life, while also supporting the mission of the institution. There are tax benefits to CGAs as well. The initial gift is partially income tax-deductible and the CGA payments are partially income tax-free.
“It is a win-win situation,” Gay said, “It makes as much sense for me as it does for National Jewish Health.”
She hopes that her donations to the institution will advance research since it “leads to practical solutions” for lung diseases and other conditions.
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