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Deferred Gift Annuity


How It Works

  • You transfer cash or securities to Catholic Gift Annuity administered by Catholic Extension. Our minimum gift requirement is $5,000.
  • Beginning on a specified date in the future, the Church and its ministries begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
  • Beneficiaries are recommended to be at least 65 to begin receiving payments and must be at least 55 to fund the gift.
  • When the contract ends, the remaining balance passes to the Diocese to advance the gospel.

Benefits

  • Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
  • You can schedule your annuity payments to begin when you need extra income, such as retirement years.
  • Payments are guaranteed and fixed, regardless of fluctuations in the market.
  • The longer you elect to defer payments, the higher your payment will be.

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