Charitable Gift Annuity

There is a way for you to support your parish, school, Catholic Foundation, or Catholic Ministry in the Diocese of Jackson and received fixed income payments for life with a Charitable Gift Annuity (CGA). You can also qualify for a variety of tax benefits depending on how you fund your gift. You receive yearly fixed payments and the residuum from the CGA will go to the ministry you designate.

If you fund your CGA with cash, you qualify for a federal income tax deduction if you itemize. Funding your CGA with appreciated securities can minimize your capital gains taxes.

If you are 70.5 years old, you can fund your CGA with a qualified charitable distribution from your retirement account. You can fund your gift this up to $53,000.