Charitable Gift Annuity
You may be tired of living at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life.
Benefits of a charitable gift annuity
- Receive fixed payments to you or another annuitant you designate for life
- Receive a charitable income tax deduction for the charitable gift portion of the annuity
- Benefit from payments that may be partially tax-free
- Further the charitable work of Providence St. Mary Foundation with your gift
Single Life
| Age | Rate |
|---|---|
| 65 | 5.4 |
| 70 | 5.9 |
| 75 | 6.6 |
| 80 | 7.6 |
| 85 | 8.7 |
| 90+ | 9.7 |
2 Lives - Joint and Survivor
| Younger Age | Older Age | Rate |
|---|---|---|
| 65 | 65 | 4.7 |
| 65 | 66 - 67 | 4.8 |
| 65 | 68 - 70 | 4.9 |
| 65 | 71 - 73 | 5 |
| 65 | 74 - 77 | 5.1 |
| 65 | 78 - 95+ | 5.2 |
| 70 | 70 | 5.2 |
| 70 | 71 - 72 | 5.3 |
| 70 | 73 | 5.4 |
| 70 | 74 - 75 | 5.5 |
| 70 | 76 - 78 | 5.6 |
| 70 | 79 - 95+ | 5.7 |
| 75 | 75 | 5.8 |
| 75 | 76 - 77 | 5.9 |
| 75 | 78 - 79 | 6 |
| 75 | 80 - 81 | 6.1 |
| 75 | 82 - 83 | 6.2 |
| 75 | 84 - 86 | 6.3 |
| 75 | 87 - 95+ | 6.4 |
| 80 | 80 | 6.5 |
| 80 | 81 | 6.6 |
| 80 | 82 | 6.7 |
| 80 | 83 | 6.8 |
| 80 | 84 | 6.9 |
| 80 | 85 - 86 | 7 |
| 80 | 87 | 7.1 |
| 80 | 88 - 89 | 7.2 |
| 80 | 90 - 92 | 7.3 |
| 80 | 93 - 95+ | 7.4 |
| 85 | 85 | 7.7 |
| 85 | 86 | 7.8 |
| 85 | 87 | 7.9 |
| 85 | 88 | 8.1 |
| 85 | 89 | 8.2 |
| 85 | 90 | 8.3 |
| 85 | 91 | 8.4 |
| 85 | 92 - 95+ | 8.5 |
| 90 | 90 | 9.4 |
| 90 | 91 - 95+ | 9.5 |
| 91 | 91 - 95+ | 9.5 |
| 92 | 92 - 95+ | 9.5 |
| 93 | 93 - 95+ | 9.5 |
| 94 | 94 - 95+ | 9.5 |
| 95+ | 95+ | 9.5 |
How a charitable gift annuity works
A charitable gift annuity is a way to make a gift to support Providence St. Mary Foundation.
- You transfer cash or property to Providence St. Mary Foundation.
- In exchange, we promise to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.
- You will receive a charitable income tax deduction for the gift portion of the annuity.
- You also receive satisfaction, knowing that you will be helping further our mission.
If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax. Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity.
Contact us
If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.