Charitable Gift Annuity
You may be tired of living at the mercy of the fluctuating stock and real estate markets. A Charitable Gift Annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life.
Benefits of a charitable gift annuity
- Receive fixed payments to you or another annuitant you designate for life
- Receive a charitable income tax deduction for the charitable gift portion of the annuity
- Receive the Montana Endowment Tax Credit if you are Montana taxpayer
- Benefit from payments that may be partially tax-free
- Further the charitable work of Catholic Foundation of Eastern Montana with your gift
How a charitable gift annuity works
A charitable gift annuity is a way to make a gift to support Catholic Foundation of Eastern Montana.
- You transfer cash or property to Catholic Foundation of Eastern Montana.
- In exchange, we promise to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may likely be tax-free for several years.
- You will receive a charitable income tax deduction for the gift portion of the annuity.
- You will receive the Montana Endowment Tax Credit, if you are a Montana taxpayer.
- You also receive the happiness and satisfaction of knowing your gift will help the Catholic Church in our diocese forever!
If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax. Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity.
Contact us
If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.
