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Charitable Gift Annuity

A charitable gift annuity is a simple agreement between you and Marmion. In exchange for a gift of cash or appreciated assets, you receive fixed payments for life.

 

How It Works

  • You transfer cash or securities to Marmion. Our minimum gift requirement is $20,000.
  • Marmion pays you, yourself and a spouse, or any two beneficiaries you name, fixed payments for life.
  • Beneficiaries are recommended to be at least 70 years of age at the time of the gift.
  • The remaining balance passes to Marmion when the contract ends.
  • You can also create a life income gift through your IRA. Discover more here.

Benefits

  • Receive more income for your money because of higher rates.
  • Receive dependable cash-flow for life, regardless of fluctuations in the market.
  • In many cases, receive payments at a rate higher than the interest you are currently receiving on investments.
  • Receive an immediate income tax deduction for a portion of your gift.
  • A portion of your annuity payment will be tax-free for a number of years.
  • Are you a younger donor? Consider a deferred gift annuity.

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Marmion Academy

1000 Butterfield Rd. Aurora, IL 60502 | (630) 897-6936

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