Bruce Troup, M.D., Ph.D., extends his legacy of philanthropy through a charitable gift annuity
Photo, from left: Bruce Troup, M.D., Ph.D., and Damon Tinnon, senior director of planned giving 

Almost four decades ago, Bruce Troup, M.D., Ph.D., experienced what he calls “pure serendipity” when he accepted a position with The Radiology Medical Group of Napa at Providence Queen of the Valley Medical Center.

“This hospital and Napa Valley were ideal for me. Coming here was the best decision I’ve ever made,” he says.

And now Dr. Troup is repaying the generosity he has experienced by making a charitable gift annuity of his home to Providence Queen of the Valley Medical Center. This type of donation continues to become more popular for charitable individuals for a few big reasons: tax deductions, a lifetime income stream, and “the dopamine release when doing something good for the community,” Dr. Troup says.

Dr. Troup decided a while ago that he would be including Providence Queen of the Valley Medical Center in his estate plan. “I have always been impressed with how the community and the foundation supported the hospital,” he says. “For a small hospital, it’s incredibly well-equipped overall — and particularly in radiology.” He credits Nancy Nicks, who was the foundation’s leader from 1986 to 1987 and started the foundation’s endowment, for helping to build the hospital into what it is today.

But it wasn’t until he had a conversation with foundation board member Bob Didier, D.D.S., about his own decision to move forward with a charitable gift annuity for remainder interest in a home that Dr. Troup realized how perfect this donation would be for him as well. “It was all pluses and zero minuses,” he says.

Queen of the Valley Foundation senior director of planned giving Damon Tinnon explains that under this gift plan, the donor deeds the remainder interest in their home to the foundation. In exchange, the foundation then sets up a charitable gift annuity based upon the remainder value of the home and the donor’s age. The donor retains the right to live in their home for their lifetime, receives guaranteed fixed income payments for life, a portion of which is tax free, and benefits from a charitable income tax deduction.

“In the planned giving world, we often call this type of gift ‘the fountain of youth,’ because annuitants of the Queen are known to live long lives!” Damon jokes.

If you would like to learn more about a charitable gift annuity, please contact Damon Tinnon by phone at 707-257-4144 or by email at Damon.Tinnon@providence.org.