Written by Jessica Gmitter
Judy Maizlish recalls that her parents always prioritized community involvement
and giving to others, even when funds were limited. “Giving is in
my blood,” she says.
Though she’s past retirement age, Maizlish remains willing to give
her time to a job she loves. She serves as executive director at Independence
Center, a small, nonprofit residential program in Los Angeles for people
with social and learning disabilities.
She commutes 45 minutes there each day and 90-plus minutes home, to help
residents gain skills they’ll need to be independent. “I’m
passionate about our mission, but I also love where I live, so the commute
is worth it,” she explains. And as a widow, she says her job—and
the relationships she’s built through it—offer a sense of
Committed to Her Communities
As a resident of Rancho Palos Verdes for 51 years, she has seen firsthand
how her local hospital, Torrance Memorial Medical Center, takes care of
the community’s physical and mental health and offers opportunities
for intellectual growth and lifestyle improvement.
“I plan to be around at least another 15 years, and I want to be
part of a community where I can stay involved,” shares Maizlish, now 83.
Her observations about Torrance Memorial led to the decision to contribute
through a charitable gift annuity. With this type of planned gift, the
donor agrees to make a tax-deductible donation of cash, stocks or other
assets to the Torrance Memorial Foundation, whose fundraising supports
the continued growth and development of the medical center. In return
the donor receives a fixed amount each year for the rest of his/her life.
“Torrance Memorial plays such a big part in our community and does
so much to help people,” Maizlish says. “They offer workshops
on everything from estate planning to developing better balance. Giving
to the medical center is also practical, as I’m not getting any
younger, and at some point I suspect I’ll need more services from
them beyond my family physician.”
She says she chooses Torrance Memorial for her health care because it is
“a huge organization, but with that community centered, small-town
“We’re lucky to have access to the resources and knowledge
Torrance Memorial offers to keep us healthy, she says. “My gift
is an investment in the sense that I know I will ‘get my money back’
through the services they provide.”
What Is a Charitable Gift Annuity?
Establishing a charitable gift annuity with Torrance Memorial Foundation
allows you to support our mission and receive steady payments during your
retirement years. You can begin receiving payments immediately or defer
payments to a time you designate in the future.
How It Works
Through a simple contract, you make a donation of cash or securities to
Torrance Memorial Foundation, and you receive a fixed amount each year
for the rest of your life, and the life of your spouse if you choose.
Your age when the payments begin determines the annual payout rate. The
older you are, the higher your fixed rate. You receive payments for life,
and whatever is left after your lifetime goes to Torrance Memorial.
You receive an income tax deduction for a portion of your gift in the year
you set up your gift annuity. Your annuity payments are also partially
tax-free throughout your estimated life expectancy.
We Can Help
Contact Sandy VandenBerge at 310-784-4843 or Sandy.VandenBerge@tmmc.com
with any questions. You may also visit
torrancememorial.org/plannedgiving and click on Plan by Age to learn more. The online calculator can determine
payment amounts and tax benefits for your age and donation amount.