Charitable gift annuity offers tax advantages

In 2015, Virginia Abell, RN, made a planned gift of $100,000 through a charitable gift annuity that gave her significant tax advantages. Now director of infection control and clinical safety, she started giving to Summa Health in 1964 through payroll deduction after receiving her first paycheck as a nurse at Summa Health System-St. Thomas Campus. She has given to Summa Health consistently ever since.

“It’s important to me to give what I can to other caregivers. By making a planned gift to Summa Health, I was able to honor my late parents, James and Lois Abell, and give back to the health system that has invested so much in me over the last 50 years. A charitable gift annuity gave me a way to give more to Summa Health and pay less in taxes.”