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A gift annuity is an agreement whereby the donor transfers assets, such as cash or appreciated securities, to the Archdiocese of Milwaukee and, in return, receives a guaranteed payment for the rest of the donor's life. Gift annuities, which are income-producing gifts, are popular with archdiocesan donors because they receive a charitable income tax deduction, possible estate tax savings, a fixed payment for life, some tax-free income for a period of time, and possible capital gains tax savings if funded with appreciated securities. A gift annuity can be established with a gift of $5,000 or more to the Archdiocese of Milwaukee. The payout rate is determined by the age of the beneficiaries at the time of the contract. At his/her death, the donor directs the residual gift to the Archdiocese of Milwaukee, an archdiocesan parish, school, St. Francis Seminary or Catholic Charities.
You can also make a gift now and defer having payments made to you until a future date. This type of gift is called a deferred gift annuity. The rates are generally higher than the rates on current gift annuities depending upon the annuitant's age and the length of the deferral.
For more information, or if you have further questions, please contact Mary Ellen markowskim@archmil.org or Joan feiereisenj@archmil.org in the Department for Development at 414-769-3451.
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