There's a way for you to support Saint Joseph Academy and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
With a charitable gift annuity you agree to make a gift to Saint Joseph Academy and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support our work.
This type of donation can provide you with regular payments for life and allow Saint Joseph Academy to further our mission. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction if you itemize.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.
See How It Works
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to Saint Joseph Academy, but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 3.9%, which means that they will receive $780 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $4,878* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission of empowering young women to become compassionate leaders in a global society.
*Based on a 1.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Calculate Your Benefits
Input a few details and see how a charitable gift annuity can benefit you.
- Contact Constance S. Sipple, CFRE at 216.671.0166 or firstname.lastname@example.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Saint Joseph Academy.
- Seek the advice of your financial or legal advisor.
- If you include Saint Joseph Academy in your plans, please use our legal name and federal tax ID.
Legal name: St. Joseph Academy
Address: 3470 Rocky River Drive, Cleveland, OH 44111
Federal tax ID number: 34-1618516
Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Charitable Gift Annuities: Gifts That Give Back.View My Guide
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