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Charitable Gift Annuities |
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A charitable gift annuity is a practical solution for those who want to make
a gift but also need income for themselves. Quite simply, charitable gift
annuities make giving possible for many. A charitable gift annuity is an irrevocable gift that provides you or a designated recipient a fixed income. In exchange for your gift, the Sisters pay a lifetime fixed annuity based on the annuitant’s age and the date the payments are to begin. The annuity payments will never vary, and at the end of your life the remainder of the gift will be used for the ministries of the Sisters of Charity, BVM. Why should you consider a charitable gift annuity? You are providing future support for the Sisters, while also securing a lifetime income for yourself or someone you love. And, of course, you may also qualify for valuable tax benefits. A gift annuity is a contract for your future, as well as the future of the BVMs. If you establish an annuity with the BVMs, a contract from the Sisters and a tax and gift computation will be written. It is the recommendation of our financial advisors that we set the gift minimum at $5,000.00 and minimum age of 70. For a personal illustration of payments and tax deductions, please provide your date of birth and amount of your gift & send to: Patricia J. Judge Return
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