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Deferred Gift Annuity

dga

How It Works

  • You transfer cash or securities to the Roman Catholic Foundation, benefiting your favorite parish, school, or ministry.
  • Beginning on a specified date in the future, the Roman Catholic Foundation, begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
  • The remaining balance passes to the Roman Catholic Foundation, benefiting your favorite parish, school, or ministry, when the contract ends.

Benefits

  • Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
  • You can schedule your annuity payments to begin when you need extra income, such as retirement years.
  • Payments are guaranteed and fixed, regardless of fluctuations in the market.
  • The longer you elect to defer payments, the higher your payment will be.

 

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