How Annuities Work

• You irrevocably transfer cash or securities to a charitable gift annuity with the QVH Foundation as the ultimate beneficiary.

• The annuity pays you (or some other person you name) an income for life.

• In the year you create the annuity, you receive a sizable income tax charitable donation.

• When you die, what’s left in the annuity goes to the Foundation, to be used as you specify.

• By putting appreciated assets into an annuity, you can avoid capital gains taxes while enjoying income from those assets.

• Note that annuity income and size of the charitable tax deduction vary depending on the age of the person receiving the annuity: the older the person, the higher the yield and the greater the deduction.

Auction Extraordinare

A generous donation by George Altamura, Sr., has turned the silent auction at this year’s “Day for the Queen” into one of the more exciting wine events in recent memory.

The donation includes approximately 200 bottles of premium French and Napa Valley wines that George bought several months ago at an auction held by the Internal Revenue Service here in the Valley.

The wine collection had been forfeited to the government after the original owner pled guilty to charges of conspiring to distribute cocaine. The auction made local and regional headlines.

Now bidders will have another chance to buy these superb wines, and this time their purchase will benefit not the IRS, but the Foundation’s effort to help Queen of the Valley purchase a new CT scanner.

Continuum of Care

The Acute Rehabilitation Unit is part of a continuum of services designed to help patients achieve the fullest functional capacity and optimal quality of life.

• Acute Rehab cares for patients who are medically stable and need substantial rehab services.

• As patients grow stronger and more confident, they are taken out into Napa to practice daily living skills such as taking a bus and going to a restaurant.

• Patients who need less intensive rehabilitation therapy go to the Transitional Rehabilitation Center.

• The Queen’s Home Care Services helps ease the transition back to being at home and can arrange for patients to physical, speech, and occupational therapy house calls. “Even as the patient’s hospital time ends, the resources and care continue,” says Rehabilitation Manager Larry Hazen, RPT.