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Planned
Giving
Charitable
Gift Annuities
As an accountant, Roger Grein is very attuned to the gift
annuity as a "win-win" situation. He gets income during
life; the Sisters receive a significant gift at the time
of his death. 
Roger:
"We are all called to stewardship. The more God gives,
the more responsibility we have to share with others. I
have been "over-blessed" in so many ways. It gives me great
pleasure to share with the Sisters of Notre Dame and to
be part of their good works, now and in the future."
A
charitable gift annuity
(CGA) can provide tax benefits now and a life-time income
for the donor and a beneficiary if desired. It is one of
the simplest and oldest methods of making a charitable donation
and it is also one of the most popular. A CGA is both a
gift and an investment as the charity obligates itself to
pay the lifetime income from any available asset of the
charity.
A
deferred gift annuity is a variation on a gift annuity.
A gift is made and the charitable organization promises
in return to pay you an income stream that begins on a future
date you specify. Since the payments do not begin for a
period of time, the fund will grow without withdrawls until
the payments begin. With more money in the fund once payments
begin, the payments will be larger than with an immediate
annuity.
An
attractive benefit of this arrangement is that it enables
a donor to make a gift now and take a charitable income
tax deduction now while in a high tax bracket. Income may
be deferred, for instance, until after retirement, when
the rate of tax will presumably be lower. Deferred gift
annuities are creative ways to delay income to pay for children's
or grandchildren's college expenses, supplement your retirement
income, or assist with assisted-care living arrangements
that may be inevitable.
A
part of each payment, as in any gift annuity, will be tax-free
for a period of years. However, the precise amount of each
payment will depend on the tax rules in effect when the
payments start. Deferred and gift annuity payments cannot
begin until one year from the gift date.
Charitable
gift annuities are the gifts that keep on giving. Rates
on charitable gift annuities are based on age and whether
the contract is immediate or deferred. If you would like
an illustration of this life income to address your particular
situation, please click here and
fill out the response form and send us the appropriate information.
To look at some specific rates on current gift annuities,
click
here. A generic
example of a charitable gift annuity is available as
well as a graphic
example.
Now
click here to learn about Marjorie
Reigelsperger.
Please
note, individual financial circumstances will vary. The
information on this site does not constitute legal or tax
advice. Donor stories and photographs are for purposes of
illustration only. As with all tax and estate planning,
please consult your attorney or estate specialist. All material
is copyrighted and is for viewing purposes only. Use of
this site signifies your agreement with the terms
of use. The content in this Planned Giving section has
been developed for Sisters of Notre Dame de Namur, Ohio
Province by Future
Focus. Please report any problems to section
webmaster. Revised: February 7, 2007 10:37.
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Sisters of Notre Dame de Namur, Ohio Province 701 East Columbia
Avenue, Cincinnati, OH 45215-3999 513-761-7636 | 513-761-6159
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Weaver. This page was updated: February 7, 2007 10:37
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