Charitable Gift Annuity

Gifts That Pay You Income

There's a way for you to support Memorial Medical Center Foundation and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.

This type of donation can provide you with regular payments and allow us to further our work. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.

Please provide the following information to view the brochure.

Deferred Gift Annuity Request Form

An Example of How It Works

Couple smiling Dennis, 66, and Mary, 65, want to make a contribution to our hospitals or foundation but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.

Based on their ages, they will receive a payment rate of 4.5 percent, which means that they will receive $900 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,129* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.

*Based on annual payments and a 3.2 percent charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

See How It Works

Next Steps

  1. Contact Sharon B. Thornton, JD, LL.M at 562.933.4483 or sthornton@memorialcare.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with our hospitals or foundation.
  2. Seek the advice of your financial or legal advisor.
  3. If you include our hospitals or foundation in your plans, please use our legal name and federal tax ID.

Legal Name: Memorial Medical Center Foundation
Address: 2801 Atlantic Ave., Long Beach, CA 90806
Federal Tax ID Number: #95-6105984