FROM THE ARCHDIOCESE OF CHICAGO - SUPPORTING OLR
As we walk on the road with Jesus, you can reflect His light and support our sisters and brothers who make this life journey with us by considering a gift to the Church that pays you back – a charitable gift annuity. 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.
How It Works:
- Make a gift of $10,000 or more to the Archdiocese of Chicago. Fund your gift annuity with cash or securities.
- Receive fixed payments for life – for yourself or a loved one age 60 or older. Payment rates are based on the annuitant's age when establishing the gift annuity.
- Enjoy immediate and future tax benefits, including a federal income tax deduction for a portion of your gift, if you itemize. You can schedule payments according to your financial needs, and 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 get in touch with Deacon Franco Foti at deaconfranco@olransom.org or visit giving.archchicago.org/cga.