Charitable Gifts Annuities
You Give. You Receive
A charitable gift annuity is a great way to support the Archdiocese of Chicago and feel confident that you have dependable income in retirement years. This type of donation can provide you with regular payments and allow us to further our work. You can also receive a variety of tax benefits, including a federal income tax charitable deduction.
An Example of how it works
Say that Ronald, 80, and Elaine, 78, want to contribute to the Archdiocese that will support our work, but they also want to ensure that they have dependable income for the rest of their lives. They establish a $1 million charitable gift annuity with the Archdiocese. Based on their ages, they will receive a payment rate of 5.6 percent, which means that they will receive $56,000 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $427,560* when they itemize. As a result, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on annual payments and a 2.4 percent charitable midterm federal rate. Deductions vary based on income earned.
Fund your Donation with
- Cash (Link)
- Appreciated Securities (Link)
- Closely Held Stock (Link)
- Real Estate (Link)
- Tangible Personal Property (Link)
- For additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the Archdiocese, please contact:
Elin R. Schriver, Planned Giving Relationship Manager
Archdiocese of Chicago
835 North Rush Street
Chicago, IL 60611-3020
- Seek the advice of your financial or legal advisor.
- If you include the Archdiocese in your plans, please use our legal name and federal tax ID.
Legal Name: Archdiocese of Chicago or The Catholic Bishop of Chicago
Federal Tax ID Number: 36-2170826
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under this agreement, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.