Charitable Gift Annuities

“I arranged a Charitable Gift Annuity for my husband for three reasons: 1) to support the good work of the Claretians, 2) to add to his retirement income, and 3) because I love him!”

— Anonymous

Annuity Basics

Establishing a gift annuity accomplishes two unique goals in philanthropy: a contract is made for you, the donor (and another individual if you choose) to receive a fixed payment for life, and a gift is made to the SJL. Since a portion of the amount given for a gift annuity will be used for charitable purposes, you, as the donor, are entitled to a federal (and perhaps state) income tax deduction the year the gift is made.

Individuals aged 60 or older are eligible for immediate payment Charitable Gift Annuities. Payments can also be deferred to a future date, making gift annuities an excellent retirement vehicle. The gift can be in cash or marketable securities.

The minimum age for those entering into a Deferred Payment Charitable Gift Annuity contract is 50, and the minimum age for payments to begin is 60. People age 60 or older can defer payments for at least one year after the annuity is established.

The contributed irrevocable gift becomes an asset of the St. Jude League/Claretian Missionaries (SJL) and the payments are a general obligation of the organization. The annuity is backed by the full assets of the SJL, and the funds are separately invested according to conservative and disciplined financial standards.

For a period of years, a portion of each payment received is tax-free. This further increases the after-tax dollars available to the donor for spending or investing. An annuity funded with appreciated securities has even more advantages: The gain allocated to the gift portion is not subject to the capital gains tax, and the portion of the gain to be recognized can be spread over the expected term of the contract.

How a Charitable Gift Annuity with St. Jude League Works:

1. You make an irrevocable gift of cash, securities, or other property to St. Jude League/Claretian Missionaries.

2. In exchange, SJL pays you a fixed amount each year for the rest of your life.

3. When your gift annuity ends, its remaining principal passes to St. Jude League/Claretian Missionaries.

Connect with us to learn specific details and for your proposal:

Email Our Planned Giving Officers OR Call (800) 237-7783

Our development officers are happy to discuss your charitable gift annuity options and create a proposal for you.