Charitable Gift Annuities Now Offered by SVdPUSA    

We are very happy to announce that the National Council of the Society of St. Vincent de Paul now has the capability to offer Charitable Gift Annuities to the Society membership and to interested supporters.SVdPUSA has recently completed a Charitable Gift Annuity (CGA), which will provide income for life to the son of our donor, as well as establish a new SVdP investment fund for disaster relief.

Your Charitable Gift Annuity with the Society of St. Vincent de Paul Council of the United States:

        **  will provide you--or you and your spouse-- with a regular annual income for life;

       **  will provide you with an income tax deduction and partial tax relief on your annuity payments; and,

       **  will “help those who help the poor”.

Please contact us for details.

Charitable Gift Annuities are a simple way to help the Society’s National Council (please note: many other Society Councils also have CGA programs to offer), while still maintaining a lifetime interest in your donated assets. This is how it works: you, as donor, transfer cash or securities (minimum of $10,000) to SVdPUSA in exchange for guaranteed payments for life (or for the joint lives of you and your spouse).  So, you receive a regular income, or annuity, as well as an income tax deduction—for the value of your donation less the present value of the annuity payments (based upon IRS tables). Also, a percentage of the annuity payments you receive are tax-free (that percentage is determined when the annuity is created).

Here is an example of how a charitable gift annuity works: assume an individual, age 70, transfers $10,000 cash to SVdPUSA in exchange for a charitable gift annuity.  SVdPUSA then will pay this individual $650 per year (a 6.5% current return rate). In addition to the annual payment of $650 (a portion of which will be received tax-free), the individual will receive an immediate tax deduction of 38% of the value of the transferred assets (based upon current IRS rates). The rate of return for your annuity goes up with age; for instance, the current rate of return (for your annual annuity payment) for a person aged 70 years is 6.5%, which rate increases to 7.1% at 75 years, 8.0% at 80 years, 9.5% at 85 years, and so on.

For further info or to establish a charitable gift annuity with SVdPUSA, please contact:

Victoria White Berger
National Director of Development
Society of St. Vincent de Paul
Council of the United States
58 Progress Parkway
St. Louis, MO 63043-3706
phone 314-576-3993 ext. 213
fax 314-576-6755
vberger@svdpusa.org