Gifts that Provide Income

Charitable Gift Annuities

When you are looking for ways to support ministries important to you such as your parish, school, cemetery, seminarian education or other diocesan ministry, you shouldn’t feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support these ministries while receiving fixed payments for life is a charitable gift annuity.

Not only does this gift provide you with regular payments and allow you to support your chosen ministries, when you create a charitable gift annuity with the Catholic Community Foundation you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.

To get a hold of the planned giving team and learn more, click the button below.

Delay Your Payments

If you are younger than 60 or don’t need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement.

Charitable Remainder Trusts

Looking for a way to give ministries that have been important to you such as your parish, school, cemetery, seminarian education or other diocesan ministry a significant gift? If you have built up a sizable estate and are also looking for ways to receive reliable payments, you may want to check out the advantages of setting up a charitable remainder trust.

Benefits of a charitable remainder trust include:
  • Potential for a partial charitable income tax deduction
  • Potential for increased income
  • Up-front capital gains tax avoidance
  • The Catholic Community Foundation can act as trustee

There are two ways to receive payments with charitable remainder trusts:

The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.

The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

 

To get a hold of the planned giving team and learn more, click the button below.