Charitable Gift Annuity
With a minimum gift of $10,000 and a simple Charitable Gift Annuity (CGA) contract, Saint John's School of Theology and Seminary agrees to pay you a fixed amount annually for the remainder of your life. This is an especially attractive option if you seek to generate additional income from your donated asset. Not only do you remove the contributed asset from your estate, you also benefit from an immediate charitable income tax deduction. Saint John's School of Theology and Seminary, Saint John's University and Abbey follow the American Council on Gift Annuities recommended rates. We will be pleased to provide you with an example showing your expected yearly return and federal tax deduction. We will need to know the birth dates of anyone who may receive annuity payments.