The Franciscans of St. John the Baptist Province Gift Annuity Program
Gift annuities appeal to those who prefer predictable payments to variable income. A Franciscan Friars of St. John the Baptist Province gift annuity provides fixed payments to donors along with the satisfaction of making a significant future gift to the Franciscans of St. John the Baptist Province. Annuity rates vary with age. The older you are, the higher your rate. Payments once establish remain the same for life. Here’s an example:
Mary Richards, age 75, funds a $10,000 charitable gift annuity contract to benefit the Franciscan Friars of California. Her annuity payment is 5.8% of her gift, giving her an annual guaranteed payment for life of $1160. $938 of her payment is tax-free for eleven years. She also receives an immediate income tax deduction of $8,372. A gift annuity is simple to create. You must be at least 60 when the payments begin and your annuity must be created with an amount of at least $20,000. To find out your tax and payment benefits, call Colleen Cushard, at 513-721-4700 or firstname.lastname@example.org for a confidential gift annuity analysis with no obligation.
Rates differ for two-life annuities.
*Annuity rates change from time-to-time. Those listed and the example given may understate or overstate the actual rates in place.