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Charitable Gift Annuity
“I wanted to improve my cash flow and give money to
parishes I wished to help.”
Father Donald J.
Eder
Pastor St. Patrick,
Oxford |
The
CHARITABLE Gift Annuity
A Popular Way to Support Catholic Ministries while Increasing Your Income
With its recent
introduction, the charitable gift annuity is taking its place as an
extremely attractive tool for supporting Catholic ministries, parishes and
schools in the Diocese of Lafayette-in-Indiana while doing something smart
for your retirement planning. A gift annuity today can provide you with a
higher return than some fixed commercial vehicles such as money market funds
or CDs. A charitable gift annuity can also give you the opportunity to make
a larger gift than you thought possible – without exposing you to
unnecessary financial risk.
Put a CFNI Gift Annuity to Work for You
Here is how the charitable gift annuity works. In exchange for your gift of
cash or securities, The Catholic Foundation of Northcentral Indiana, Inc.
agrees to pay a specified dollar amount to you each year for as long as you
live.
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The annuity payments
are based on the age of the annuitant(s) at the time you make your gift.
For example, assume that Angie Smith, age 75, creates a gift annuity
with a $10,000 cash gift to the Foundation. Her interest rate is 7.1%,
which means she receives a guaranteed, fixed annual payment of $710 for
as long as she lives. Equally important, Angie designates the balance to
be given to her parish, St. Joseph. This gift carries a federal income
tax deduction in the year the gift is created! |
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Let Us Know How We Can Help
For additional information about how you can help yourself while helping
Catholic ministries, parishes and Catholic schools in the Diocese of
Lafayette-in-Indiana in an important way, contact
Pamelia Storms-Barrett, Director.
Frequently Asked
Questions about the Charitable Gift Annuity Program
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