The Marist Brothers are pleased to announce that we have partnered with the National Catholic Community Foundation to offer Charitable Gift Annuities to our Marist family.
What is a Gift Annuity?
A Charitable Gift Annuity is a contract in which you exchange a gift of cash or securities for a fixed income each year for the rest of your life (or the lives of two people). Those wishing to participate must be at least 60 years of age with a charitable gift of $5,000 or more.
Are there benefits to this type of giving?
Yes, the charitable gift annuity is an irrevocable gift commitment, but one with excellent tax and financial benefits.
You are investing in the future of the mission of the Marist Brothers;
Income for Life – at attractive payout rates for one or two lives;
Tax Deduction Savings – a large part of what you transfer is a deductible charitable gift;
Tax-Free Payout – a large part of your annual payment is tax-free return of principal;
Capital Gains Tax Savings – when you contribute securities for a gift annuity, you minimize any taxes on your “paper profit;”
We can provide you with with a free gift annuity analysis that answers all your questions.
Call our office anytime at (773) 881-5343