A charitable gift annuity allows you to serve the people of God while providing for your own income needs. Through this simple arrangement, you make an irrevocable gift to the Church, which in turn pays you – or a loved one – fixed income payments for life. At the end of your lifetime, the remaining gift is used by the Church for ministries that you have designated.
The Benefits of Leaving a Legacy Through a Charitable Gift Annuity
- Income for life: With a charitable gift annuity, you can share your blessings while earning steady income that is guaranteed for life. Annuity percentage rates vary with age but are typically much higher than traditional savings accounts or CDs. It’s a great way to supplement retirement income.
- Tax-smart: Since a portion of the gift is treated as a charitable contribution, you may qualify for an immediate income tax deduction.
- Easy to fund: You can use cash or even appreciated stock to fund the charitable gift annuity.
- Membership in the Vivos Christi Society: A charitable gift annuity entitles you to recognition in the Vivos Christi Society, which is our Bishop’s way of honoring those who are providing for the future of our local Church.
Want to Learn More?
We invite you to learn more about charitable gift annuities by exploring our Legacy Planning Resources site. There you will find a broad selection of articles and tools, including our gift illustrator, which provides free, no-obligation quotes on charitable gift annuities through the Diocese of Orlando.
We also encourage you to sign up for our quarterly planned giving e-newsletter, Family & Faith, which includes timely tips and articles on charitable gift annuities and other planned giving instruments.
When you’re ready to take the next step, we can help you set up a charitable gift annuity that will benefit both you and the ministries you support. You can contact us by email at PlannedGiving@orlandodiocese.org or you can contact Ed Wardle, our Director of Donor Relations, at (407) 246-7193.
Currently, the minimum gift is $20,000 and the minimum age requirement is 60 years.
As always, we encourage you to discuss your plans with your tax, legal or financial advisor before making your gift.
Designate your Gift
A charitable gift annuity offers you the freedom to designate the gift for the benefit of your parish, a Catholic school, or a specific ministry that has touched your heart. A Foundation representative will be happy to help you express your wishes when you finalize the necessary paperwork. If you’re not sure which ministries you would like to support when it comes time to designate your gift, we have some options that we hope you will consider, such as the Peregrini Pro Christo Fund, which benefits Catholic school students, seminarians and senior clergy.
Join the Vivos Christi Society
Please let us know if you have made a gift to the Church through life insurance. Bishop Noonan would very much like the opportunity to thank you for your generosity by welcoming you as a member of the Vivos Christi Society. Click here to learn more about the Vivos Christi Society or to download the membership forms to fill out and return.