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Charitable Gift Annuities
Through the Episcopal Church Foundation, an independent lay organization founded in 1949 to offer programs for the clergy and laity of the Episcopal Church, St. Bart's now offers a charitable gift annuity program for annuitants age 65 or older.
A charitable gift annuity is both a charitable gift, with certain tax benefits, and an annuity, which provides annual income. It is a wonderful way to make a gift to St. Bart's and to provide income for yourself or for someone you love.
An initial contribution of at least $10,000 is required to open an account; subsequent gifts to benefit the same annuitant may be made in increments of $5,000.
At the time the contract is signed, the annuity amount is fixed and will not change, regardless of the conditions of financial markets.
Annuities may be written on the lives of one or two annuitants and payment may be deferred or begin within the year of purchase.
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