Charitable Gift Annuities
Receive Fixed Payments for Life While Supporting Catholic Causes
Why a Charitable Gift Annuity?
We understand that taking care of yourself and your loved ones is a significant consideration when planning your charitable gift. For that reason the Catholic Legacy Foundation of Acadiana offers the Catholic Gift Annuity program in partnership with Catholic Extension Society.
Through the Catholic Gift Annuity program you can
make a gift that provides you with fixed payments for life
and supports Catholic ministries, schools, and parishes after your lifetime.
What Is a Charitable Gift Annuity?
A charitable gift annuity is a straightforward contract between you and the Catholic Gift Annuity program:
- You Make a Gift — You transfer cash, securities, or other property to the program.
- You Receive Fixed Payments — In return, you or a designated beneficiary receive fixed payments for life, with payment amounts determined by your age at the time of the gift.
- Support Catholic Ministries — Upon your passing, the remaining balance of the annuity supports the Catholic Legacy Foundation of Acadiana or the Catholic organizations and endowments you designate.
Benefits of a Catholic Gift Annuity
- Fixed Payments for Life — Enjoy guaranteed income for the rest of your life, with payments that never change.
- Tax-Free Income — A portion of your payments may be tax-free.
- Charitable Deduction — Receive an immediate charitable income tax deduction for the gift portion of the annuity.
- Legacy of Faith — Support Catholic ministries, parishes, and schools, leaving a lasting impact on the Church.
- Financial Strength — Partner with a financially strong program that serves the Catholic Church in collaboration with thousands of other donors.
How It Works
- Make Your Gift — Transfer cash, appreciated securities, or property to the Catholic Gift Annuity program.
- Receive Payments:
- Payments begin immediately with a Current Charitable Gift Annuity or at a future date with a Deferred Charitable Gift Annuity.
- The payment amount is based on your age and the gift amount, offering higher payments for older donors.
- Enjoy Tax Benefits — Receive an immediate charitable deduction and potentially tax-free income.
- Support the Church — Upon your passing, the remaining funds are directed to the Foundation or one of the funds that you choose which benefit ministries, Catholic schools, or church parishes.
Types of Charitable Gift Annuities
- Current Charitable Gift Annuity — Payments begin within one year of establishing the annuity.
- Transfer cash or property to the program.
- Begin receiving fixed payments as early as this year.
- Receive an immediate charitable income tax deduction.
- Deferred Charitable Gift Annuity — Payments start at a future date you choose, such as retirement.
- Establish the annuity now but defer payments until a later date.
- Receive a higher annual payment than with a current annuity, thanks to deferral.
- Qualify for a charitable tax deduction in the year you fund the annuity.
- Flexible Deferred Charitable Gift Annuity — Payments are deferred, but you retain the flexibility to choose when they begin.
- Establish the annuity today and receive an immediate tax deduction.
- Decide later when you’d like to start receiving payments, allowing for maximum flexibility.
Example in Action
John and Mary, both in their late 70s, want to support their parish and create a source of reliable income. They establish a Catholic Gift Annuity with $100,000 in appreciated securities.
- They receive fixed annual payments for life, a portion of which is tax-free.
- They avoid paying capital gains tax on the appreciated securities.
- After their passing, the remaining balance supports their parish’s maintenance fund and a Catholic education endowment.
Through their CGA, John and Mary ensure financial stability and create a legacy of faith that will benefit their parish and local Catholic schools for generations.
Start the Conversation Today
A Catholic Gift Annuity offers you the opportunity to support Catholic ministries while enjoying guaranteed income and tax benefits. Whether you want to create immediate impact or plan for the future, this flexible giving option aligns your financial goals with faith-driven values.
To learn more about establishing a Catholic Gift Annuity, contact the Catholic Legacy Foundation of Acadiana at(337) 261-5642 or
mtrahan@CLFAinc.org. Together, we can create a personalized plan that secures your financial future and strengthens the Church for generations to come.
Together, we can build
Forever Value.
Frequently Asked Questions
Who can establish a charitable gift annuity?
Anyone age 55 or older can establish a CGA through the Catholic Gift Annuity program.
What determines my payment amount?
Payment amounts are based on your age at the time of the gift. Older donors typically receive higher payments.
Are there tax benefits?
Yes! You can avoid capital gains taxes on appreciated securities, receive a charitable tax deduction, and enjoy tax-free income on a portion of your payments.
What happens to the remaining balance?
After your passing, the remaining funds are directed to Catholic ministries, schools, or parishes you designate.
Can I delay payments?
Yes! A Deferred or Flexible Deferred Charitable Gift Annuity allows you to delay payments to a future date, such as retirement, for higher payment amounts.