Charitable Gift Annuity (CGA)
A Charitable Gift Annuity is easy to set up and it benefits both you and the Mount. You transfer assets to Mount Saint Joseph and you and/or your spouse, or another beneficiary, receive a fixed income for the remainder of your lifetime(s). The donated assets can be in the form of cash or securities. The minimum amount for both a one-life arrangement and a two-life arrangement is $10,000. Gift annuities can also be deferred for an agreed upon number of years. The longer the gift annuity is deferred, the higher the annuity rate that can be offered.
Benefits for the donor:
- fixed income received for life
- accepted assets can be either cash or securities
- gift annuity can be deferred for years to get this highest annuity rate