It is true. If you are near retirement age or older, you can make a gift now to the Diocese and/or your parish and receive a generous income for life. An easy yet effective way to do this is through our charitable gift annuity. Many have enjoyed an 8%, 9% or even double-digit returns on their gift (the annuity rate varies with the annuitant’s age) as well as an income tax deduction and the satisfaction of knowing that their gift will help others in ways both simple and beautiful.

How does the gift annuity work? It is easiest to illustrate this with an example. Mary is eighty seven. She donated $20,000 toward a gift annuity and we were able to provide a 9.5% yearly return. We will pay Mary $1,900 every year for life guaranteed. She also received an income tax deduction of over $10,000. There is one thing that you cannot put a price tag on that also comes with a gift annuity; it is the knowledge that lives will be changed in powerful ways. Mary is so happy with the outcome and how simple it all was, she is considering doing another annuity with us.

A gift annuity can be funded with larger or smaller amounts (a minimum of $10,000 is required) and can be made payable for one or two lives. For a no obligation proposal that would illustrate exactly how a gift annuity can work for you, please call us at 718/965-7375.