Charitable Gift Annuities

Support the Church Now and Leave a Legacy for Your Family

A Charitable Gift Annuity is a contract with the Catholic Foundation that provides you with fixed income payments for life, no matter how long you live. Payment rates are based on age and are set by the American Council of Gift Annuities. At the end of your life any remainder of the annuity will benefit the organization(s) you have designated. You also have the ability to choose a Deferred Charitable Gift Annuity, meaning you can receive income payments at a later date.

Charitable Gift Annuities

A donor gives cash, securities, or other eligible assets to a charity. In exchange, the charity agrees to make fixed payments to the donor for the rest of the donor’s life (or, in some cases, the lives of two people).


Why donors may consider a CGA

Donor receives                                                   Charity receives

~ Lifetime income                                               ~ A future charitable gift

~ Fixed payments                                               ~ Remaining funds after the annuity obligation

~ Possible charitable tax deduction                       ~ Long-term support for its mission

~ Potentially favorable tax treatment                    ~ A planned-giving relationship with the donor                     

Key Benefits

  • Fixed income for life, for you and/or your spouse, paid quarterly or annually


  • Avoid capital gains tax when you donate highly appreciated assets


  • Income tax deductions in the year the gift annuity is establised


  • A portion of your income pauyments from the fift annuity is tax-free income


  • Typically you will receive significantly higher payment rates than a standard certificate of deposit (CD)



Fund Your CGA With


• Cash

 

• Closely Held Stock


• Tangible Personal Property


• Appreciated Securities


• Real Estate


• Tangible Personal Property

 

• IRA Assets

How it Works

  • Set-up a Charitable Gift Annuity (CGA) with the Catholic Legacy Foundation


  • Make a donation.



  • In return you (and other(s)) will get paid by the Catholic Legacy Foundation with a fixed annual payments for life.


  • The remaining funds of the gift annuity are distributed to the organization(s) you have designated.


Example in Action

  • A donor gives $100,000 to a charitable organization.
  • The charity sets up a charitable gift annuity.
  • The donor receives a fixed annual income for life.
  • A portion of the original gift may qualify for an immediate charitable income-tax deduction, subject to applicable rules.
  • When the donor dies, the amount remaining after the annuity obligations becomes available to the charity.

Key Considerations

“A Charitable Gift Annuity allows you to make a meaningful gift to support the Catholic causes you care about while receiving a fixed stream of income for life. It can provide financial benefits during your lifetime while creating a lasting charitable legacy.”

Start Your Legacy Today

Ready to make a charitable lead trust gift?

To explore how a charitable lead trust gift can align with Catholic values, contact us today.


Phone (337) 261-5642 | Email mtrahan@CLFAinc.org | Contact Us