Making a Gift to the Church, Receiving Income for Life

By May 12, 2017Articles

A Charitable Gift Annuity is an excellent way to provide for the Church and also to ensure a life-long income for yourself (while also receiving healthy tax benefits!).

For many people in our diocese, their retirement plan includes a Charitable Gift Annuity (sometimes with the deferred income option), doing the Lord’s work, creating permanent income and providing tax advantages.  

A Charitable Gift Annuity:

  1. Makes an important difference for the future of the Catholic Church in Eastern Montana
  2. Pays you back at an excellent rate for life
  3. Provides multiple tax benefits

 

Here is a chart of our one-life Gift Annuity Rates:

Age _ Annual Payout Rate

55-59 4.0 – 4.3%

60-64 4.4 – 4.6%

65-69 4.7 – 5.0%

70 – 74 5.1 – 5.7%

75 – 79 5.8 – 6.6%

80-84 6.8 – 7.6%

85-89 7.8 – 8.7%

90 + 9.0%

Two-life rates are available upon request.

 

Interested? Please contact Judy Held at the Catholic Foundation of Eastern Montana by calling (406) 727-6683, ext. 120 or send an email to [email protected].