Charitable Gift Annuity
Transfer cash or securities as an irrevocable gift to a parish, school, or the Diocese. In exchange, the annuity provides an immediate, guaranteed stream of income for as long as you live regardless of market fluctuations. The donor receives a tax benefit during the year in which the annuity is established and a portion of the annuity payment going forward will be tax-free. Upon the death of the last beneficiary, the remaining balance passes to the named charity.
Deferred Gift Annuity
Similar in structure to the Charitable Gift Annuity, this vehicle is ideal for people under the age of 65. The annuitant defers the start of the lifelong stream of income in order to begin payments at a higher rate at a designated time in the future. Upon the death of the last beneficiary, the remaining balance passes to the named charity.
Annuities offered through the Diocese of Charleston are administered by Catholic Extension Society, which has been providing charitable gift annuities since 1912. Your gift will help Catholic Extension Society to make a lasting impact on poor communities of faith across the country. To learn more, visit Catholic Extension.