A charitable gift annuity is a contract between a donor and Catholic Charities with the following terms: As a donor, you make a sizable gift to Catholic Charities using cash, or other assets.
In return, you become eligible to take a partial tax deduction for your donation, plus you receive a fixed stream of income from the Catholic Charities for the rest of your life.
The payments can begin immediately or can be deferred to a future date that you choose. You may also establish a gift annuity for someone else; however, the total number of annuitants associated with any one gift cannot exceed two. The terms of the arrangement are set forth in a contract signed by you and Catholic Charities. The arrangement terminates on the death of the annuitant(s), at which point the Catholic Charities will use the remaining funds on our programs.