Gifts that Pay You Income

Do you want to support the Archdiocese of New York but worry about having enough income for yourself and your loved ones? Life-income gifts such as gift annuities and charitable remainder trusts can provide donors with an income stream, significant tax savings, and the satisfaction of providing the Archdiocese with vital long-term resources.

The creation of a life-income gift benefits both the giver and the receiver – a “win-win” situation. The following life-income gifts are available, and one may be right for you:

Immediate-Payment Gift Annuity

How It Works

1. Transfer cash or other property to the Archdiocese
2. The Archdiocese agrees to make payments for the life of one and up to two annuitants (payments are backed by our entire assets)
3. The balance of the transfer inures to the Archdiocese

Benefits

• Payments for life that are favorably taxed
  1. When gift is funded with cash, part of payment will be tax-free
  2. When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
• Federal income-tax deduction for a portion of your gift
• Gift will provide generous support for the Archdiocese

Deferred-Payment Gift Annuity

How It Works

1. Transfer cash or other property to the Archdiocese
2. The Archdiocese agrees to make payments for the life of one and up to two annuitants (payments are backed by our entire assets)
3. The balance of the transfer inures to the Archdiocese

Benefits

• Payments for life that are favorably taxed
• When gift is funded with cash, part of payment will be tax-free
• When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
• Federal income-tax deduction for a portion of your gift
• Gift will provide generous support for the Archdiocese

Charitable Remainder Unitrust

How It Works

1. Create trust agreement stating terms of the trust; transfer cash or other property to trustee
2. Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
3. Remainder to the Archdiocese of New York for purposes you specify

Benefits

• Payments to one or more beneficiaries, varying annually with the value of the trust
• Federal income-tax deduction for the charitable remainder value of your interest
• No capital-gain tax when trust is established; property is sold by the trust
• Trust remainder will provide generous support for charities of the Archdiocese of New York

Charitable Remainder Annuity Trust

How It Works

1. Create trust agreement stating terms of the trust; transfer cash or other property to trustee
2. Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
3. Remainder to the Archdiocese for purposes you specify

Benefits

• Payments to one or more beneficiaries that remain fixed for the life of the trust
• Federal income-tax deduction for the charitable remainder value of your interest
• No capital-gain tax when trust property is sold
• Trust remainder will provide generous support for the Archdiocese

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