Your gifts will fund OUR future

single-cardinalCharitable Gift Annuity:  Want to give a gift that gives back to you for the rest of your life?  A charitable gift annuity can do just that…with income tax benefits!

 

Here’s an example:

Age Cash Donated Payout Rate Total Annual Income Tax Free Portion Ordinary Income Allowable Charitable Deduction
65 $10,000 4.7% $470 $354 $116 $2,955.60

Remember that cash isn’t the only option to fund an annuity.  One way to substantially reduce capital gain tax and spread it over your life expectancy is to transfer appreciated securities to the Sisters of Providence in exchange for a gift annuity. You can take a generous charitable tax deduction in the year of the transfer and the annuity would provide income to you quarterly.

Life Insurance – Giving a paid up policy you no longer need or making the Sisters of Providence your designated beneficiary on an existing life insurance policy are wonderful ways of giving without an out-of-pocket expense.  You can also utilize an insurance policy to make your annual gift by making the Sisters of Providence the owner and irrevocable beneficiary of the policy and then pay your annual premium to us as a tax-deductible gift.

 

For additional information contact:

Connie Gualano, Planned Giving Manager
Mission Advancement office
1 Sisters of Providence
Saint Mary-of-the-Woods, IN 47876
Phone:  (812) 535-2811
Fax:      (812) 535-1009
E-mail:  CGualano@spsmw.org

Legal Name: Sisters of Providence of Saint Mary-of-the-Woods, Indiana
EIN: 35-0868174

We urge all donors to consult your financial and legal advisors for a full discussion of implications of any cash alternative gift.

The Sisters of Providence keep all benefactors, constituents, alumnae/i and companions in daily prayer.