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Diocese of Rockville Centre

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Charitable Gift Annuities Print E-mail

If you are 70 and older, a Charitable Gift Annuity can yield tax deductions and make generous fixed payments to you for the rest of your life. If you are younger, you can plan for retirement by opening a deferred Gift Annuity where you will enjoy an immediate tax deduction and, by the time you are 70, earn high interest income for the rest of your life.

“The gift the Msgr. Simmons left our school through a charitable gift annuity is truly appreciated by all of us.  It will help us to begin plans for a wonderful playground for the students at our school.” 

  - Joann DiNardo-Principal-Our Lady of Providence Regional Catholic Elementary School-Central Islip


Charitable Gift AnnuityA gift annuity is a simple idea.

You make a gift of cash or stock to the program and, in turn, we provide you with a steady and guaranteed payment for the rest of your life. Upon your passing, what remains in your gift will be paid to the parish or ministry of your choice.  


Doing Good With Your

Charitable Gift Annuity

Donations can be designated for:

  • Your Parish
  • The Diocese of Rockville Centre
  • Priestly Vocations
  • Diocesan, Parish or Regional Catholic Schools
  • Catholic Charities
  • Tomorrow’s Hope Foundation
  • Other Diocesan Ministries


The designation of your choice will be provided to you in writing as part of your Charitable Gift Annuity agreement.





Here are sample annual payments and rates for a one-life $25,000 gift annuity: (minimum gift is $15,000)

Every year for life,


You Receive Gift Annuity Rate
70 (minimum) $1,275 5.1%
75 $1,450 5.8%
80 $1,700 6.8%
85 $1,950 7.8%
90 $2,250 9.0%

The information is not intended and should not be construed as legal, tax or investment advice. For such advice, please consult an attorney, tax advisor or investment professional.