Charitable Gift Annuities
Turn Your Generosity Into Lifetime Income
When you are looking for ways to help Saint Mary's Hall with our mission, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support SMH's work while receiving fixed payments for life is a charitable gift annuity.
Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with SMH you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Delay Your Payments
If you are younger than 60 or don't need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement. To learn more, view and download the FREE guide Plan for Retirement With a Deferred Gift Annuity.
Check Out This Potential Scenario
A regular donor to the SMH Fund wants to make a contribution to Saint Mary's Hall that will support our work for generations to come, but she also want to ensure that she has dependable income during her retirement years. The donor establishes a $20,000 charitable gift annuity with SMH. Based on her age, she will receive a payment rate of 4.3 percent, which means that she will receive approximately $860 each year for the remainder of her lives. She is also eligible for a federal income tax charitable deduction of approximately $5,544* if she itemizes. Finally, she knows that after her lifetime, the remaining amount will be used to support our mission of preparing students for success in college and fulfillment in life.
*Based on annual payments and a 2.4 percent charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
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 such agreements, 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.