A Charitable Gift Annuity is a contract between a donor and The Foundation. The donor makes a gift to The Foundation which agrees to pay a specified income to the donor for life. It is legally binding and is payable from the general assets of The Foundation. The payout rates for a “Single Life Annuity” or “Two Life Annuity” agreement do not exceed those suggested by the American Council on Gift Annuities as updated on their website, https://www.acga-web.org/current-gift-annuity-rates.The payout rates range depending upon the annuitant’s age.

Another way to support your chosen parish, school or Diocesan ministry, while collecting a steady stream of income, is to establish a Charitable Remainder Trust, or CRT.

A Charitable Remainder Trust is a trust designed to pay an annual income to one or more individuals for a term of years, or for the lives of those individuals in an amount equal to a fixed percentage OR fixed dollar amount of the value of trust assets. The amount of each payment to the beneficiaries may vary based on fluctuations in the value of the trust as determined on an annual basis. After a pre-determined timeframe, OR upon the death of the beneficiaries, the assets of the trust are transferred to The Foundation for the charitable purposes specified by the donor. The minimum payout rate to the individual(s) is 5 percent by law.