Annuities

Income for Life – Your guide to opening a charitable gift annuity with Salesianum School

What is a charitable gift?
A charitable gift annuity is an agreement between you and Salesianum School, which enables you to make a donation to support Salesianum, in return for fixed life income payments and a considerable tax deduction. Backed by the assets of the Oblates of St. Francis de Sales, Salesianum’s annuity rates are based upon your age at the time of the annuity. Thus the older you are, the higher the rate of return. All rates are fixed, with annuity payments guaranteed for life. Payments may be set up monthly, quarterly, semi-annually, or annually. Upon your death, Salesianum or Salesianum/Oblates assumes the remainder of the annuity and uses it to address pressing needs.

Benefits include:
- Guaranteed lifetime income for the annuitant(s)
- Payouts fixed according to your preferences
- Considerable Tax Deduction to be used in the year of the donation
- Low minimum required: $10,000 to open a charitable gift annuity with Salesianum
- Generous support of Salesianum’s students, faculty and campus projects

How it works
1. You open a charitable gift annuity, funding it with stock, cash or other property.
2. You receive an income tax deduction (a percentage of your gift).
3. You also receive lifetime annuity payouts from Salesianum; a percentage of each payment is considered tax-free income.
4. At your death, Salesianum or Salesianum/Oblates assumes the principal and uses the money to address pressing needs.

Gift Annuity Rates

For more information, or to receive a No Obligation gift annuity illustration, please contact Mike Flanagan, advancement officer, at (302) 356-2644 or jflanagan@salesianum.org.

This information on this Web site is presented in summary form. ALL DONORS MUST CONSULT WITH AND RELY EXCLUSIVELY ON THEIR OWN ATTORNEY OR FINANCIAL ADVISOR FOR LEGAL AND TAX ADVICE.