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Charitable Gift Annuities

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.

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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;” 

  • Personal Satisfaction 

 

We can provide you with with a free gift annuity analysis that answers all your questions.

Simply call our office at (773) 881-5343.