Charitable Gift Annuity (CGA)

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 your parish, Catholic school, diocesan ministry or the Catholic Foundation with your gift

How a Charitable Gift Annuity works

A charitable gift annuity is a way to make a gift to support your parish, Catholic school or diocesan ministry through the Catholic Foundation, Diocese of St. Petersburg.

1. You transfer cash or property to The Catholic Foundation, Diocese of St. Petersburg
2. In exchange, the Catholic Foundation pays 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.
3. You will receive a charitable income tax deduction for the gift portion of the annuity
4. You also receive satisfaction, knowing that you will be helping your beneficiary

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 if you have any questions about charitable gift annuities. We would be happy to assist you and answer your questions.