Gift Annuities Give Back More Than an Income
Supporting life in San Fernando Valley
“When you live in the Valley, you need to support the Valley.” Karl Boeckmann is firm in that belief and he does a lot to live up to his word. As vice president of Galpin Motors, and a Certified Public Accountant, his business acumen has served the San Fernando Valley well. Karl has been an active community member in Valley for more than fifty years, receiving The Fernando Award in 2004. He has been connected to our medical center for decades, serving as a member of the Providence Tarzana Foundation Board of Governors since 2009.
Karl and his wife Thyra give back to the Valley they love not only by direct donations, but also through their charitable gift annuities to Providence Cedars-Sinai Tarzana Medical Center. “It’s a way for us to give to Tarzana, have a bit of an income and be part of everything,” Karl says. A Providence Tarzana Foundation charitable gift annuity is one of the easiest ways to support the medical center. In exchange for a gift of cash or appreciated securities, donors receive fixed income for life and also benefit from an immediate charitable tax deduction. A significant portion of the annuity payment is tax-free. That said, supporting Tarzana is about more than supporting a non-profit organization.
“One of the reasons I joined the Board of Providence Tarzana Foundation is that it’s always going to be my hospital of choice,” says Karl. “The people there are caring, considerate and hardworking. And while I’ve been fortunate that I haven’t had to use it that often, many in the Valley do. I want the hospital to be financially stable enough to help those people when they need it.”
Benefits of Gift Annuities
- Support any area of Providence Cedars-Sinai Tarzana Medical Center that interests you.
- Receive fixed, lifetime income that will not fluctuate with the economy.
- Fund multiple charitable gift annuities over several years and create a secure and tax-savvy supplement to your retirement income.
- Provide income for one or two annuitants.
Learn more about gift annuities today.
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Together, we can provide care that transforms lives, now and for years to come.