Did you know that it is possible to raise your income and lower your taxes with a Charitable Gift?
Read about Joseph and Martha’s decision which allowed them to receive fixed payments for life as a result of a Charitable Gift.
Joseph and Martha have been long-time volunteers at their parish outreach center that serves meals to the hungry and supplies necessary life sustaining items. Joseph and Martha find tremendous joy and satisfaction in serving the needy in their community, and thus have made a great impact in the lives of countless men, women and children.
Recently, they were contemplating a gift or rather an “investment” in the future of the outreach center. However, one of the challenges they had was that they relied on all the income their investments were producing to supplement their living expenses.
To assist Joseph and Martha in finding a solution to their income issue, the parish Development Director introduced the couple to Ryan Flood, Legacy Giving Specialist for THE FOUNDATION.
Joseph and Martha ultimately established a Two-Life Charitable Gift Annuity. As part of the gifting process, Ryan worked closely with their financial advisor to coordinate the transfer of stock to the Diocesan account and complete all the proper paperwork. They now receive approximately $4,500 a year in four quarterly installments and will do so for the rest of their lives. They were also able to take advantage of the charitable deduction that this type of arrangement offers.
Joseph and Martha still volunteer each week at the outreach center and love the time they spend with the people whom they serve. They are satisfied with the income they are receiving from their charitable gift annuity. They are also putting to good use their time, talent and treasure that has been entrusted to them by God both now and in the future.
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