Charitable Gift Annuities
A charitable gift annuity is a simple contract between a donor and Burke Rehabilitation Hospital, whereby the Hospital agrees to pay a fixed annuity to a donor for life in exchange for an irrevocable gift of at least $5,000. The donor may also name a second, successive lifetime income beneficiary if he or she so desires. Additionally, the donor will receive an immediate income tax deduction for the remainder value of that gift that will eventually benefit Burke Rehabilitation Hospital.