Charitable Gift Annuity
- Receive payments for life or for a term of years
- Leverage investments in the CRSJ Endowment without incurring management fees
- Income payments may be greater than some securities and CDs
- Ideal to supplement other retirement income and diversify your portfolio
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Current charitable gift annuity (payments begin within one year): With a current gift annuity, you may transfer cash or property in exchange for our promise to pay you fixed payments beginning as early as this year. You will receive an income tax charitable deduction this year for the value of your gift to Cristo Rey San José Jesuit High School.
Deferred charitable gift annuity (for payments at future date): Perhaps you are not ready to begin receiving payments until a future date, such as when you retire. With a deferred gift annuity, you establish the gift annuity today, receive a charitable income tax deduction this year, but defer the payments until a designated date sometime in the future. Because you deferred the payments, your annual payment will be higher when the payments start than they would have been with a current gift annuity.
Flexible deferred charitable gift annuity (gives you flexibility as to when the payments will start): With a flexible deferred gift annuity, you retain the flexibility to decide when the annuity will begin making payments. As with a deferred gift annuity, you establish the annuity today and receive a charitable deduction this year, but the payments are deferred until such time as you elect to begin receiving the payments.