An annuity provides you with a fixed sum of money paid frequently for the rest of your life.
A charitable gift annuity (CGA) is a great way for you to support a charitable organization of your choice AND create a more secure and sustainable future for you and your loved ones, regardless of how the economy fares.
When you make a gift of cash, securities, or other assets to the Catholic Community Foundation and name an organization or ministry you wish to benefit upon your passing, you receive a fixed income for life. Upon your passing, the remaining balance is added to the endowment of the charity of your choice. It combines philanthropy with financial planning, enabling you to make a signifcant difference.
Seek to leave a lasting legacy. By establishing a CGA, you can create a meaningful philanthropic legacy that reflects your values and passions. The remaining proceeds of your CGA will benefit an organization or ministry of your choice.
Acquire a stable income stream. A CGA provides you with a reliable and fixed income stream for life. CGAs offer a superior alternative to Certificates of Deposits and Treasuries as they provide a fixed rate over your entire lifetime, not subject to change.
Simplify financial affairs. By creating a CGA, you simplify your financial affairs by combining your philanthropic goals with your financial planning, all in one straightforward arrangement.
Look for tax advantages. The creation of a CGA offers significant tax benefits, including an immediate income tax deduction for a portion of your gift.