What is a Charitable Gift Annuity?

A Charitable Gift Annuity is a contract between you and the Oblates of St. Francis de Sales, in which the Oblates agree to pay one or two annuitants, you name, a fixed sum each year for life. Payouts are based on rates recommended by the American Council on Gift Annuities and are not meant to be competitive with commercial annuities. The assets of the Oblates guarantee your yearly payments. The minimum amount to place in a Charitable Gift Annuity is $10,000 to $20,000.

How does a Charitable Gift Annuity work?

1. You open a Charitable Gift Annuity funding it with stock, cash, or other property.
   
2. You receive an income tax deduction (A percentage of your gift.)
   
3. You also receive lifetime income from the Oblates. A percentage of the annual income you receive is considered tax-free.
   
4. At your passing, the Oblates receive the principal and use it toward furthering their ministry.
   
   

What are the advantages?

• No Start-up Cost
  
  
• A relatively small amount to fund a CGA
  
  
• Fixed income payments backed by the assets of the Oblates
  
  
• Tax deduction for the gift portion of your annuity in the year you make your gift, with up to 5 additional years to apply the unused deduction
  
  
• At your passing, the Oblates receive the remainder of the Annuity and use it toward furthering their ministry.
  
  

Request more information on Gift Annuities by clicking here