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Legacy Planning: Take Advantage of Higher Payout Rates!

Posted on August 29, 2022 by Published by

For the first time since 2018, charitable gift annuity payout rates have increased – allowing you the opportunity to benefit more from your giving and to help ensure that God’s good work continues. When you establish a charitable gift annuity with the archdiocese, not only will you receive fixed payments for life, but you can designate our parish as the remainder beneficiary.

You can schedule payments according to your financial needs, and enjoy immediate and future tax benefits, including a federal income tax deduction for a portion of your gift, if you itemize. Also, a portion of each annuity payment will be tax-free (through life expectancy). The funds remaining after your lifetime will support our parish or school  – as designated by you.

For more information, please contact Ewelina Sokolowski, OLW Operations Director, at 224.518.1774 or operations@olwparish.org, or visit giving.archchicago.org/cga.

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