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Deferred Gift Annuity


How It Works

  • You transfer cash or securities to Catholic Church Extension Society. Our minimum gift requirement is $5,000.
  • Beginning on a specified date in the future, Catholic Extension begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
  • Beneficiaries are recommended to be at least 55 to begin receiving payments and must be at least 50 to fund the gift.
  • The remaining balance passes to Catholic Extension when the contract ends.

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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The material presented on this Planned Giving website is not offered as legal or tax advice.
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All contributions are subject to Catholic Extension’s gift acceptance policy.
The material presented on this Planned Giving website is not offered as legal or tax advice.
Read full disclaimer|Sitemap|Planned Giving Content © 2014 VirtualGiving.com