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St. John’s Catholic Church and School The Charitable Gift Annuity How it benefits both charity and donor.

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Presentation on theme: "St. John’s Catholic Church and School The Charitable Gift Annuity How it benefits both charity and donor."— Presentation transcript:

1 St. John’s Catholic Church and School The Charitable Gift Annuity How it benefits both charity and donor

2 The Charitable Gift Annuity A Charitable Gift Annuity is a simple two-party agreement between donor and charity. It’s part ‘Gift’ It’s part ‘Annuity,’ making quarterly payments to the donor for life.

3 The Charitable Gift Annuity: How does it work? A donor makes a gift to a charity, dedicating the gift to some good work they would like to see accomplished. In exchange for the gift, the charity makes periodic (quarterly) payments to the donor for life.

4 The Charitable Gift Annuity: How does it work? When the donor passes away, the money that remains in their gift annuity fund then passes to the charity, to do the work the donor intended.

5 The Charitable Gift Annuity: An Example Mrs. Jones had been thinking about St. John Catholic School for quite some time, and wanted to do something ‘memorable’ for it.

6 The Charitable Gift Annuity: An Example At Mass one Sunday, she thought about her six children who had all been educated at the school. “We’ve been so fortunate. I think every child needs a Catholic education.”

7 The Charitable Gift Annuity: An Example She wanted to establish a scholarship fund in her family name. But when Mrs. Jones sat down to figure out the finances, it didn’t look promising.

8 The Charitable Gift Annuity: An Example Mrs. Jones was on social security Her husband had left her a small pension She had a few investments She had a $10,000 Certificate of Deposit paying 1.5% Together, she made ends meet, but that was all.

9 The Charitable Gift Annuity: An Example Then one day she met Deacon Sam. She told him how she would really like to establish a scholarship fund, but didn’t think it possible.

10 The Charitable Gift Annuity: An Example “Why not?” asked Deacon Sam. “Because investments are paying so poorly, I’m barely making ends meet now!” “Maybe you should consider a Charitable Gift Annuity,” suggested Sam.

11 The Charitable Gift Annuity: An Example Mrs. Jones took his advice. She contacted the St. John parish office for more information. When her CD came due, Mrs. Jones used the money to establish a Charitable Gift Annuity. She signed a simple one-page agreement. She will receive quarterly payments for life, and when she passes away, the balance remaining in her fund will transfer to St. John’s to create a scholarship fund in honor of her late husband and family.

12 The Charitable Gift Annuity: Summary of Benefits For Mrs. Jones, age 76 She was able to honor her husband, and help children receive a Catholic education. Instead of a CD paying 1.5%, or $150 per year, her gift annuity paid 6% or $600 per year for life. For St. John’s When Mrs. Jones passes away, the money remaining in her gift annuity account will transfer to the St. John endowment to help children via a scholarship.

13 What do you feel called to do? The Charitable Gift Annuity begins with a desire to do something ‘special’ for St. John’s Church or School. At the same time, it gives the donor assurance of quarterly payments for life, often needed in retirement. In this way, it is a gift plan that benefits both charity and donor. To learn more, call or


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