Enjoy Stable Income While Leaving a Lasting Legacy

Imagine a financial tool that allows you to secure a reliable income for life, receive potential tax benefits, and support the ministries you cherish – all while gaining peace of mind amidst market uncertainty.

This powerful solution isn't too good to be true; it's called a Charitable Gift Annuity (CGA), and it can help you achieve these important goals.

Here's how it works: You make a gift (a donation) to the Catholic Community Foundation. In return, the Foundation provides you (and potentially your spouse) with fixed, guaranteed income payments for the rest of your lives. Upon your passing, the remaining value of your gift supports the ministries you've designated, ensuring your values and generosity continue to make a difference. Your legacy lives on.

The fixed income rate for a CGA is determined by the American Council on Gift Annuities, based on your age at the time of the gift. For instance, a donor aged 75 who contributes $100,000 could receive annual payments of approximately $7,000 (a 7% rate). Furthermore, a significant portion of your contribution may qualify for a federal income tax charitable deduction – potentially around $39,000 in this example*.

Like the familiar saying suggests, you can’t have everything. The Charitable Gift Annuity is an exception. It uniquely offers all three critical benefits:

• Reliable, fixed income: Enjoy stable payments independent of market fluctuations.
• Tax advantages: Benefit from a potential charitable deduction and partially tax-free income payments.
• Meaningful impact: Ensure essential ministries receive future support, extending your generosity.

This information provides a general overview. We encourage you to contact us for a personalized illustration and to discuss how a CGA might fit your unique financial and philanthropic goals.

Ready to explore how a Charitable Gift Annuity can provide you with secure income, tax benefits, and a lasting way to support the ministries you care about? Contact the Catholic Community Foundation today for a confidential conversation.

Blessings!

* We are not tax advisors and cannot provide tax advice. For specific tax benefits and implications, please consult with your qualified tax professional.