Diocese of Saskatoon

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Charitable Gift Annuities

Malachi 3:10  “Bring the full tithe into the storehouse, so that there may be food in my house, and thus put me to the test, says the Lord of hosts; see if I will not open the windows of heaven for you and pour down for you an overflowing blessing.”

 

A charitable gift annuity acquired through your insurance agent is an agreement by which you can give a substantial gift to the Diocese of Saskatoon Catholic Foundation Inc. and, in return, receive a regular income for life.  It is an ideal planned giving vehicle for people 65 years or older who would like to leave a gift to the church after they die, but also need to receive a steady income during their lifetime. 

You may acquire either a “single annuity” (which provides income for you alone as long as you live) or a “joint annuity” (which provides lifetime income for you and your spouse, or a brother or sister).

The majority of all the annual income is tax exempt, depending on your age at the time you acquire a gift annuity.  In addition, donors also receive a one-time charitable tax receipt for a minimum 20% of the total annuity (the percentage increases the older you are when you acquire the annuity).

A gift annuity gives you the deep satisfaction that comes from knowing you will be supporting important mission work after you have died, while at the same time giving you the assurance that you will be receiving regular income each year for as long as you live.  By acquiring a gift annuity through the insurance advisor, you can experience the double-blessing of giving and receiving!

If you would like more information about charitable gift annuities naming the Diocese of Saskatoon Catholic Foundation as the beneficiary, please contact Jocelyne Hamoline, Planned Giving Officer, at the address above, by email at jhamoline@dscatholicfoundation.ca or by telephone at 306.659-5849.

 

This information is general in nature and does not constitute legal or financial advice, and should not be relied upon as a substitute for professional advice.  We strongly encourage you to seek professional legal, estate planning and/or financial advice before deciding on your course of action.