Deferred Gift AnnuityTransfer stocks, bonds, lump-sum cash, or mutual funds to HBPC through the Presbyterian Foundation.
At a specific date in the future that you specify, HBPC makes fixed payment to you or your designees for life administered by the Presbyterian Foundation. You can plan to start your income stream from the annuity for when you will need it (i.e., retirement).
When the contract term ends, the remaining balance goes to HBPC. The longer the deferral the higher annuity rate and the larger the tax deduction that you can take.
Additional information is available at the Presbyterian Foundation website.