Two parishioners have just entered into a $10,000 Charitable Gift Annuity Agreement with the Diocese that will benefit St. Joseph’s in the future. In the meantime they:

Will receive a lifetime income of $700 (7%) per year, payable in quarterly installments.

$434 of the income will be tax free.

Receive a tax deduction of $4,607.

There can be a maximum of two income beneficiaries and the minimum contribution is $10,000. The income payment rate will vary depending upon the age(s) of the income beneficiary(ies). The older the beneficiaries the higher the rate; up to 11.3% for a 90 year old beneficiary.

The arrangement has the approval of the State Department of Insurance and is backed by the full assets of the Diocese.

If you would like to get information about what your benefits would be, please call Dick Lamport, Gift Planning Advisor for the Diocese at 415-970-2380. In just a few minutes, you’ll know what your benefits will be.