Good news! The American Council On Gift Annuities has announced that it is raising the payout rates on all gift annuities starting on July 1st, 2018. For example the income return for an annuity for 2 lives both age 80 will be 6.2%! For a single life age 80 the rate is 7.3%! These rates are significantly higher than other forms of cash investments such as certificates of deposits.
A charitable gift annuity is an excellent way to create an income stream for life; to generate a charitable income tax deduction; and to provide a substantial benefit to Divine Mercy Parish upon the death of the annuitant.
It’s very easy to establish a charitable gift annuity and the income payments are guaranteed by The Catholic Community Foundation of the Archdiocese of New Orleans.
If you want to learn more about charitable gift annuities, you can contact Jim Ryder, CPA at 504-566-9388, or email email@example.com.
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