Gifts That Pay You Income

There's a way for you to support West Texas Rehabilitation Center and feel confident that you have dependable income in your retirement years. You can do this with an estate planning vehicle called a charitable gift annuity.

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

AN EXAMPLE OF HOW IT WORKS

David, 66, and Lynn, 65, want to make a contribution to West Texas Rehab. However, they also want to ensure that they have dependable income during their retirement years. So, 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.

NEXT STEPS

  1. Contact Rodger Kennedy at (325) 793-5424 or rkennedy@wtrc.com, or any of our Foundation officers to talk about supporting West Texas Rehab by setting up a charitable gift annuity.

Chad Hirt at (325) 277-0442, chirt@wtrc.com

Chuck Rodgers at (325) 669-4139, crodgers@wtrc.com

Jason Weaver at (806) 420-0771, jweaver@wtrc.com

                                   

  1.  Seek the advice of your financial or legal advisor.
  2. If you include West Texas Rehab in your plans, please use our legal name and federal tax ID.

Legal Name: West Texas Rehabilitation Center, Inc.
Address: 4601 Hartford St, Abilene, TX  79605
Federal Tax ID Number: 75-0868320

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