Benefits of a Charitable Gift Annuity

October 11, 2010
  • A guaranteed fixed income for life.
  • Part of each payment is tax-free.
  • A tax deduction in the year in which the annuity is funded.
  • A higher rate of return than you might receive from a commercial institution.
  • An annuity may reduce your estate taxes at your death.
  • You will have the satisfaction of knowing you are helping the work of the Columban Fathers
  • There are no legal or administrative costs attached to taking out a gift annuity.
  • You can defer the payment to some time in the future.
  • A deferred annuity has a higher return rate than a single life annuity.