| Charitable Gift Annuities
We are pleased to offer a great opportunity that benefits both you and St. John’s through Charitable Gift Annuities with our local Catholic Development Foundation. A Charitable Gift Annuity is a wonderful planned gift for those that want to do something special for the Church or School, but at the same time need retirement income.
How do these Charitable Gift Annuities work? A Charitable Gift Annuity is part ‘gift’ and part ‘annuity.’ A donor makes a gift for St. John’s, and in return receives quarterly annuity payments for life. Upon his or her passing, the residual value of the annuity fund is ‘released’ to do the good work intended by the donor. For example, a Charitable Gift Annuity could be used to establish a named scholarship for students to attend the Catholic School.
A charitable gift annuity can be immediate or deferred. An immediate charitable gift annuity starts making payments to you once it is established, whereas a deferred charitable gift annuity allows you to choose a future date to start payments. Both of these can be great options depending on your age and retirement plans.
Please take a look at the resources below to learn more or take the next step!