Charitable Gift Annuities
How it Works:
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SES works with the National Gift Annuity Foundation with respect to charitable gift annuity contracts. Under the arrangement, the contract would be between you and the National Gift Annuity Foundation for the benefit of St. Elizabeth School designated with the National Gift Annuity Foundation.
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TRANSFER cash or securities to the National Gift Annuity Foundation. The minimum gift requirement is $20,000.
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RECEIVE an immediate charitable income tax deduction and potential savings in capital gains and estate tax.
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COLLECT life-time fixed payments for 1) you, 2) you and your spouse, or 3) any two beneficiaries you name. Note: beneficiaries must be at least 55 years old.
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SUPPORT your recommended charity(ies) with the final residuum balance via NGAF.
Benefits:
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CGA contracts are an ideal way to convert low yielding assets into high yielding assets. The rates paid on charitable gift annuity contracts generally compare very favorably to interest rates paid on deposits or individual securities.
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Receive dependable, fixed income for life, regardless of fluctuations in the market.
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In many cases, receive payments at a rate higher than the interest you are currently receiving on investments.
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Receive an immediate income tax deduction for a portion of your gift.
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A portion of your annuity payment will be tax-free.
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Support St. Elizabeth School
If you are interested in giving to SES through a planned giving vehicle, please contact the SES Development Office at 410-889-5054, ext. 1152.