Charitable Gift Annuities

A Catholic Relief Services Charitable Gift Annuity (CGA) is a way for you to make a charitable gift that helps CRS serve poor and vulnerable people overseas, and guarantees a fixed lifetime income for you and/or someone you designate part of which is tax free.  

 

How Does It Work?

  1. You donate cash, stocks, bonds or mutual funds to CRS and ask us to establish a gift annuity.
  2. You may choose from three types of Charitable Gift Annuity: Immediate Pay, Deferred Pay, or Flexible Deferred Pay 
  3. Once we finalize the gift annuity agreement, CRS will begin paying a fixed, guaranteed amount of lifetime income to you and/or anyone you name.
  4. After your lifetime or that of your selected beneficiary, CRS will use the remaining principal from your gift to continue our lifesaving work overseas.

 

What Are the Benefits?

  • A charitable gift annuity immediately provides you with a fixed income, part of which is tax free.
  • Annuity payments are guaranteed by CRS for life.
  • You are entitled to a charitable tax deduction when you itemize your federal income taxes.
  • Your gift will help you now—and make a difference in the lives of poor and vulnerable people for generations to come.

 

Do Charitable Gift Annuities Have a Place in Retirement Planning?

Absolutely! A gift annuity can add income, diversification and reliability to a retirement plan.

  • Guaranteed lifetime income reduces risk.
  • The combination of high-yield, tax-free income, a charitable income tax deduction and, in some cases, a reduction in capital gains taxes can markedly improve the performance of a retirement plan.
  • Remember, a gift annuity is not a traditional investment instrument. A distinct difference is the irrevocable nature of a gift annuity. Once established, you cannot change or reinvest a charitable gift annuity in another way.