Get Income for Life, Give to Charity! - The Foundation of the Roman Catholic Diocese of Raleigh

Did you know that you can raise your income and lower your taxes with a Charitable Gift Annuity?

You may be tired of living at the mercy of the fluctuating stock market. A charitable gift annuity is a gift made to the THE FOUNDATION of the Diocese of Raleigh for the benefit of your parish, alma mater, or favorite diocesan ministry organization that can provide you with a secure source of fixed payments for life. Benefits of a charitable gift annuity include:

• Fixed payments to you or another annuitant you designate for life
• A charitable income tax deduction for the charitable gift portion of the annuity
• Payments that may be partially tax-free
• Further the charitable work of your parish or favorite diocesan ministry with your gift

How a Charitable Gift Annuity works

>> Mr. & Mrs. Smith have $100,000 in appreciated stock to give to their favorite Catholic charity

>> The couple wants a lifetime income stream

>> Both Mr. & Mrs. Smith are 75 years old

>> THE FOUNDATION agrees to pay the couple an annuity rate of 5.5 per cent*

>> $100,000 x 5.5% = $5,500

>> The Smiths receive $5,500 a year for their respective lifetimes. A portion of this annual income may be tax-free

>> The Smiths avoid most of their capital gains tax on the $100,000 asset

>> Upon reaching their heavenly reward, the remainder of the $100,000 is given to the Catholic charity identified by Mr. & Mrs. Smith.

If you would like to learn if a charitable gift annuity is right for you, please contact Maureen O'Keeffe Lindgren, Executive Director of THE FOUNDATION of the Roman Catholic Diocese of Raleigh at 919.568.1065 or email at Maureen@FoundationDOR.org. 

* –  rate is based on their ages as defined by the American Council on Gift Annuities