Charitable Gift Annuity
A Charitable Gift Annuity is a simple way to support the Vincentians as well as provide a great benefit to you, the donor.
- You gain a guaranteed, fixed annual income for the rest of your life.
- You receive a charitable tax deduction for the first year in which the Gift Annuity is established.
- A large portion of your income will be tax-free.
- Upon death, the remaining principal is transferred to the Congregation of the Mission, which continues your legacy of generosity beyond your lifetime.
The amount of the income tax deduction depends on your age, date of the Gift Annuity purchase, the donor’s life expectancy and the number of lives that will benefit from the annuity. The Congregation of the Mission has established the minimum age requirement of 50 and a $5,000 investment requirement for all Gift Annuities.
There are several types of Gift Annuities:
- The Single Life Gift Annuity is based on one person’s life, whether it is the donor’s life, a friend’s life or the life of a relative of the donor. Click here for current rates.
- A Two-Life Gift Annuity allows a second person to receive the same payments after the primary annuitant’s death for the rest of his or her life. Click here for current rates.
- A Deferred Gift Annuity offers a charitable tax deduction now while it secures a higher rate of return later when it is most needed, for example, in retirement.
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13663 Rider Trail North | Earth City, MO 63045
phone: 314.344.1184 | fax: 314.344.2989
“It is necessary to be firm and invariable with respect to the end to be gained; meek and humble in the use of means. Herein is the soul of all good government.”
