Gifts That Pay You Income
Charitable Gift Annuities
There's a way for you to support St. Joseph’s Indian School and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
This type of gift can provide you with regular payments for life and allow us to provide a safe and stable learning environment for Lakota children. You can also qualify for a variety of tax benefits depending on how you fund your gift.
If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.
And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $50,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.
Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide, Charitable Gift Annuities: Gifts That Give Back.
View My Free BrochureSee How it Works
An Example of How it Works
Justin, 73, and Mary, 70, want to make a contribution to St. Joseph’s Indian School that will support the education of Lakota children for generations to come. They also want to ensure they have dependable income during their retirement years. They establish a $25,000 charitable gift annuity with St. Joseph’s Indian School. Based on their ages, they will receive a payment rate of 5.3%, which means they will receive $1,325 each year for the remainder of their lives. They are also eligible for a federal income tax charitable deduction of $10,255* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to educate the mind, body, heart and spirit of Native American youth.
*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
“We established a charitable gift annuity to enable the Native American children to a brighter and more promising future.”
— H. Grimes, Missouri
“I feel annuity giving is one of the best things a person can do because it provides for the needs of the organization and gives a lifetime income to the annuitants, so it works good both ways.”
— L. Gerevas, California
Don't Miss This Opportunity
Create a St. Joseph's Indian School Charitable Gift Annuity and Lock in Your Personal Rate Today!
Learn How to Fund a CGA
You can use the following assets to fund a charitable gift annuity:
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 Deferred Gift Annuities: Plan Now, Benefit Later.
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
SJIS minimum age for a one-life CGA is 50 and 54 for a two-life CGA. Please contact our planned giving office with any questions you may have.