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Home / Planned Giving

Gifts That Pay You Income

Receive an Income from Your Gift

"I will give away my apple tree, so long as I (or someone I choose) can keep the fruit the tree produces, every year, for life." That's the very simple concept behind a special category of gifts known variously as "deferred" gifts, "planned" gifts or "life income" gifts. These gifts enable you to make a gift of significance, receive a partial tax deduction and yet keep an income for life for you or others. The income can be fixed or variable. Depending on how your gift is arranged, you can plan for:

• Increased income for your family;
• Capital gains tax avoidance;
• Minimized taxes on your income;
• Increased income at retirement;
• Diverting of income to someone in a low tax bracket;
• Gift tax and estate tax savings;
• Professional management of your funds;
• A hedge against inflation;
• Reduced probate costs;
• Provide college funds for grandchildren.

One example of a life income gift is a Charitable Gift Annuity*.

A charitable gift annuity is an extraordinary way to make a gift, increase your income and slice your tax bill – all in one transaction! Sacred Heart Southern Missions charitable gift annuity program was created as a service to our friends who have expressed a desire to make a gift of significance while still retaining income from the gift during their lives.

*IRA funds cannot be used to fund a charitable gift annuity.

A charitable gift annuity provides:

  • Income for Life – at attractive payout rates;
  • Tax Deduction Savings – a large part of what you donate is a deductible charitable gift;
  • Tax-Free Payout – a significant portion of your payments is tax-free;
  • Personal Satisfaction – knowing that your gift will benefit Sacred Heart Southern Missions for years to come.


Gift annuity rates are determined by the age of the person or persons who receive the income payments.  If any of the ideas discussed here are of interest, contact the Planned Giving Office at 888.217.4829.

Click here to view a chart of our one-life gift annuity rates.

By the way, please be sure to call us before you sell and reinvest securities or real estate, or "roll over" low-yield certificates of deposit. We can help you plan a life income gift that is right for you, your family and Sacred Heart Southern Missions.

Click here to learn about other types of life income gifts.

To download a copy of our gift annuity application, click here.

 


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