Charitable Gift Annuities
Providing a lifetime of income
A Charitable Gift Annuity (CGA) with the Catholic Community Foundation is an effective way to support the causes you care about while also ensuring a reliable income for life. Rooted in faith, a CGA allows you to make a lasting impact in your community while enjoying financial benefits.
What is a Charitable Gift Annuity?
A Charitable Gift Annuity (CGA) is a lifelong agreement between a donor and a qualified 501(c)(3) public charity, like the Foundation. When you donate, the Foundation invests the funds and provides you with a fixed income for life, determined by your age, life expectancy, and whether there is one or two beneficiaries. Upon your passing—or your spouse’s, if you establish the annuity as a couple—the charity receives the remaining balance of the gift.
Individuals and couples who establish a CGA are often in retirement and seeking tax advantages when liquidating appreciated assets, such as stocks, property, or securities. They also wish to make a meaningful charitable contribution of $20,000 or more as part of their lasting legacy. A CGA is an excellent option for those concerned that donating assets too early may negatively impact their future financial stability.
How to begin
annuity in action
an example of allan's Charitable Gift Annuity
Allan, a 75-year-old donor, contributes $25,000 to establish a Charitable Gift Annuity (CGA). He receives 7%* annual income ($1,750/year) for life**, and an immediate charitable tax deduction of $10,000***.
Upon his passing, the remainder supports the parish he has attended for the past 50 years with an endowment established in his name.
* Rates are subject to ACGA guidelines at the time of the gift. ** Income tax may apply to the income stream after the donor reaches life expectancy criteria. *** Does not apply if funded with an RMD/QCD.
How is the interest rate determined?
The Foundation establishes its Charitable Gift Annuity interest rates in accordance with the American Council on Gift Annuities (ACGA) guidelines.
The ACGA suggests rates based on the donor's age and gender. Donors can feel confident that their CGA will contribute to a cause they are passionate about while earning an interest rate that surpasses that of a high-yield savings account or a certificate of deposit (CD).
Why Choose the Catholic Community Foundation?
Trusted Stewardship
With over 40 years of experience, we are a trusted partner for Catholic philanthropy, ensuring your intentions are honored.
Values-Based Investing
Your funds are managed ethically and in alignment with Catholic social teachings.
Community Impact
Your giving directly supports the growth and stability of Catholic schools, parishes, ministries, and other vital programs.