Life Income Gifts

Consider a Life Income Gift:

Charitable Gift Annuity - A gift annuity is an agreement between an individual and a qualified charitable organization or institution. The donor transfers assets to the organization and receives fixed payments for the rest of his or her lifetime and/or the lifetime of another person, if desired. At the end of your lifetime, the remainder of the annuity will pass to the charitable organization. Since a portion of your gift will be used for charitable purposes, you are entitled to a federal income tax deduction in the year you make your gift. Part of each payment is tax free for a period of years as well.

Charitable Remainder Trusts - This gift can be designated to benefit any particular Archdiocesan program or donor's parish. It provides fluctuating or fixed annual income for one or more selected beneficiaries. The donor also receives personal and tax benefits.

Charitable Lead Trusts - The trust provides annual income to the Archdiocese toward the program of your choice. At maturity, the trust's principle returns to you.

Advance planning through a bequest — a gift in your will:

Remember the Church or your parish in your will and avoid paying involuntary taxes at the end of life. A donor can leave cash, securities, real estate or other assets by will. The gift may be designated as a specific amount or as a percentage of the estate to benefit a particular work of the Church which is of most concern to you.