The Catholic Foundation has some exciting news we would like to share with you that can boost your retirement income and support our organization. Effective July 1, 2018, charitable gift annuity rates will increase.

How It Works
You make a donation using cash, marketable securities or other assets, and we, in turn, pay you a fixed amount for life. With this type of gift, you can feel secure knowing you can count on receiving stable payments for as long as you live. And now, if you make your gift on or after July 1, the gift annuity rates will be higher than they have been in over six years. A charitable gift annuity is a great way to receive income and make a gift to our nonprofit organization. Take a look at the table below for the current and new comparative rates.

One Life

Two Lives

Age

Current Rate

Gifts made on or after July 1, 2018

Ages

Current Rate

Gifts made on or after July 1, 2018

60

4.4%

4.7%

60/65

4.0%

4.3%

65

4.7%

5.1%

65/70

4.4%

4.7%

70

5.1%

5.6%

70/75

4.8%

5.2%

75

5.8%

6.2%

75/80

5.3%

5.7%

80

6.8%

7.3%

80/85

6.1%

6.6%

85

7.8%

8.3%

85/90

7.3%

8.0%

90+

9.0%

9.5%

90/95

8.8%

9.3%

Here’s an Example of How You May Benefit
Under the current rate schedule, Barbara, 72, transfers $25,000 in exchange for a charitable gift annuity. She will receive annual payments of $1,350, a rate of 5.4 percent. Instead, if Barbara waits to make her gift on or after the new rate schedule is in place on July 1, the same gift amount will provide $1,450 in annual payments, reflecting a 5.8 percent rate. That’s a payout rate increase of approximately 7.4 percent.

In addition to the opportunity to increase your retirement income as you help shape our future, gift annuities offer you numerous tax benefits, including:

• A partial income tax charitable deduction now for your gift when you itemize
• Part of each payment is income tax-free throughout your estimated life expectancy
• Capital gains tax savings on appreciated property you donate

Our focus initiatives are the Seminarian Education Endowment Fund, Catholic Schools, the Retired Priest Appreciation Fund, and parishes.

You are our future. Contact Major Gifts Officer Sofía Larkin at 915.872.8412 or slarkin@elpasodiocese.org to discuss how a charitable gift annuity allows you to make a gift and provides you, and another person if you choose, with secure, tax-favored payments for life. With your help, we can continue to make an impact in our communities.