Deferred Payment Charitable Annuity

Help St. Luke and Receive Lifetime Payments When You Retire

You may know the benefits of a Charitable Gift Annuity: you make a charitable gift to the St. Luke Foundation and in return receive a charitable deduction and a guaranteed, fixed payment for life.  But you may not want or need additional current income at this time.  A Deferred Payment Charitable Gift Annuity allows those in their peak income years to make a gift now (and obtain a charitable income tax deduction in the year of the gift) while deferring guaranteed annual lifetime payments to a future date.  Through this one gift, you can receive current and future benefits.

Advantages of a Deferred Payment Charitable Gift Annuity
You provide a gift for St. Luke and other charities of your choice.                

•    Because your payments are deferred, your immediate charitable income tax deduction (if you itemize deductions) will be larger than through a typical Charitable Gift Annuity.  The longer the payments are deferred, the larger the charitable deduction.

•    Your payout rate will be higher once payments begin.

•    You receive guaranteed annual lifetime payments, starting when you choose.

•    Generally, you will benefit from being in a lower income tax bracket when you begin to receive your annual payments.

•    Your gift has increased your overall retirement package.  In addition, you can add to that package every year with a new Deferred Payment Charitable Gift Annuity.

Give through a Deferred Payment Charitable Gift Annuity
Your Deferred Payment Charitable Gift Annuity can be made with gifts of cash, long-term appreciated stocks, bonds, mutual funds or incentive cash bonuses.  When funding such a gift with long-term appreciated assets, part of the capital gains tax is bypassed; the rest is prorated over your life expectancy.

Use Deferred Payment Charitable Gift Annuities as Part of Retirement Planning

Unlike most qualified retirement plans and IRAs that have contribution limits, the Deferred Payment Charitable Gift Annuity allows you to contribute an unlimited amount as often as you like.  The minimum gift is $5,000.  Each gift creates a new annuity.

You may like the idea of a current charitable deduction while supplementing your retirement income but cannot make one large gift this year.  One option is to make gifts of a smaller amount for several years, funding multiple Deferred Payment Charitable Gift Annuities that could all begin payments in the same year.

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