Turn Your Generosity Into Lifetime Income
Charitable Gift Annuities
Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.View My Free Brochure
When you are looking for ways to help Saint Michael's College with its mission, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support Saint Michael's College's work while receiving fixed payments for life is a charitable gift annuity.
Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with Saint Michael's College you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Currently, Saint Michael's College partners with The Vermont Community Foundation (VCF) to issue charitable gift annuities to Saint Michael's donors. In this partnership, the annuities are issued by VCF, and backed by all of its assets. The remaining value of the contract at termination is set aside solely for the benefit of Saint Michael's College in a special fund from which the College receives an annual distribution.
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 Plan for Retirement With a Deferred Gift Annuity.
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Submit a few details and see how a charitable gift annuity can benefit you.
- Discuss this step and seek the advice of your financial or legal advisor.
- Contact Ms. Phung Pham at 802-654-2646 or firstname.lastname@example.org for additional information on charitable gift annuities and the process of working as a partner with Saint Michael's College and the Vermont Community Foundation.
- If you include Saint Michael's College in your plans, please use this sample bequest language, which includes our legal name and our Federal Tax ID number.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.