Longtime Dominican Hospital supporters Bill & Muriel Potter owned rental income property that was currently vacant. Rather than seek another tenant or sell the property, they decided to donate it to the hospital. After discussing their options with the Foundation, it was decided to use the assessed value of the house to fund a charitable gift annuity. The property was transferred to the Foundation and subsequently sold by the hospital. The Potters received a generous tax deduction, and are receiving a guaranteed fixed income for life. Dominican will benefit from the residual of the funds at the end of the Potter's lifetime.
