Franciscan Gift Annuity
The Franciscan Gift Annuity is a way to give to your Friars and
to have a secure, fixed income for your life time. This is a very
easy gift to arrange.
A Franciscan Gift Annuity is:
- A contractual agreement between the donor and the
Friars
- For donors age 60 or older
- A gift of cash, securities,
or other assets $1000
minimum
- Life time payments to the donor
- A gift to support your Friars, at the survivors death
The payment rate is determined by the gift annuitant's
age (combined ages for a two-life) at
the time of the gift.
Payments are fixed for your life time and will
not be affected by the stock market, world affairs or the economy.
Gift
Annuities can be issued for one-life, you and two-lives, you
and your spouse.
You can arrange a deferred gift annuity with
payments deferred for a minimum of five years and the charitable
gift tax deduction taken in the year the gift is made (and can be
spread over 5 years).
You can also arrange a gift annuity for another person with
you as the donor. You receive the charitable gift deduction
and the payout rate is based on the age(s) of the gift annuitants.
Cash and appreciated stock are
the usual assets with which to fund a gift annuity. There
are specific tax advantages when you give appreciated stock
Tax
benefits include a charitable gift-tax deduction in the
year the gift is made, which can be taken over five years. A
portion of each payment is considered tax-free income for a certain number
of years.
The greatest advantage to this gift is knowing you are
making a difference in the lives of others.
This is brief information about this gift. We Franciscans
would like you to know more about the Franciscan Gift Annuity Program.
Let us send you a free pamphlet with no obligation, “Questions
and Answers about Gift Annuities”. We can also
send you a personalized gift annuity proposal which shows exactly
how this gift will work for you. Complete the box below and we
will send you your materials immediately.
Return to Top |
