
Charitable Gift Annuities
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How It Works
You transfer cash or securities to Convent of the Sacred Heart.
After the transfer, Convent of the Sacred Heart pays you, or up to two annuitants you name, fixed income for life.
The principal passes to Convent of the Sacred Heart when the contract ends.
Benefits
- You receive an immediate income tax deduction for a portion of your gift.
- Your annuity payments are guaranteed for life, backed by a reserve and the full assets of Convent of the Sacred Heart.
- Your annuity payments are treated as part ordinary income, part capital gains income (15%), and part tax-free income.
- You have the satisfaction of making a significant gift that benefits you now and Convent of the Sacred Heart later.
More
To learn more about charitable gift annuities, Email us, complete the Information Request Form, or call us at (203) 532-3550 so that we can assist you.
Convent of the Sacred Heart
1177 King Street
Greenwich, CT
(203) 532-3550