Charitable Gift Annuities

How it works:

  1. You transfer cash or securities to Baptist Health Care Foundation.
  2. The Foundation pays you, or up to two annuitants you name, fixed payments for life.
  3. The principal passes to the Foundation when the contract ends.


  • You receive an immediate income-tax deduction for a portion of your gift.
  • Your annuity payments are guaranteed for life, backed by the Foundation’s reserve and assets.
  • Your annuity payments may be treated as part ordinary income, part capital-gains income (15 percent) and part tax-free income, depending on the assets used to fund the annuity.
  • You can make a significant gift that benefits you now and the Foundation later.

Graphical image representing how money is flowed through a gift annuity

Consider a charitable gift annuity if you:

  • Want to make a significant gift to the Foundation and receive lifetime payments in return.
  • Are 65 years of age or older.
  • Want to maximize the payments you receive from your planned gift – and you want to lower your income tax on those payments.
  • Want the security of payment amounts that won't fluctuate during your lifetime.
  • Appreciate the safety of your payments being a general financial obligation of the institution.

Please contact us at  850.469.7906 prior to establishing a charitable gift annuity to ensure it follows our Gift Acceptance Policies.