Charitable Gift Annuities
Under this program, a donor makes a contribution of cash or securities to NCCF and, in return, receives an income guaranteed for his or her life.
A Charitable Gift Annuity provides a powerful tool by which donors can support a charitable organization, while providing themselves a guaranteed income for life—usually at above-market rates.
Helping Make a Charitable Gift Annuity Successful
The Edmundite Missions in Selma, Alabama has been blessed over the years with an abundance of donors that have an interest in Charitable Gift Annuities. Initially, all of our annuities were handled “in house” by staff. That’s right, the computation of how payments would be made to the annuitant, the determination of how much of a tax deduction would the annuitant receive, the completion of all contracts, the investment of the donation, and, of course, there were the 1099’s at the end of the year that needed to be sent to the annuitants and needed to be correct! It sounds like a lot and it was.
With increase in state oversight and the competition within the charitable sector for the donor that understood the value of a Charitable Gift Annuity, things needed to be streamlined. The Edmundite Missions needed to use their resources in spending more time with the donor and less time in the administration of the gift. It was time to outsource the “hard part” to those that specialize in the investment of the funds and the task of making timely distributions, be it by direct deposit or by “paper check.” Of course, a significant reason for outsourcing the task at hand was having someone else assume the responsibility of the necessary registration in the states that required it.
The National Catholic Community Foundation (NCCF) in Crownsville, Maryland provided the Edmundite Missions with a service that met all of our needs. From contracts to 1099’s, from state registration to investments, the National Catholic Community Foundation was able to meet all the needs of our donors and make our process so much easier.
For more information, contact Ed Robinson at 410-923-3222.
Director of Planned Giving and Major Gifts
‘Valuable and Seamless’
Maryknoll Lay Missioners (MKLM) have been able to set up a Charitable Gift Annuity program for our benefit through NCCF. This resource is a win-win for all parties involved. Through our donors and NCCF, we can endow MKLM. When the remainder of a CGA remains with NCCF in the form of a donor-advised fund, it provides an endowment for the future of Maryknoll Lay Missioners.
The National Catholic Community Foundation (NCCF) in Crownsville, Maryland is providing Maryknoll Lay Missioners with a very valuable and seamless service to easily offer and benefit from Charitable Gift Annuities. From contracts to 1099’s, state registration, and investments, the National Catholic Community Foundation is able to meet all the needs of our donors and make our process simple and easy. Catholic philanthropy is what we are all striving for and NCCF is a wonderful resource to help accomplish our goals.
Mission Gift Officer
Maryknoll Lay Missioners
Valued Partner and Resource
As the Director of Gift Planning for Cross Catholic Outreach, I am pleased to acknowledge the National Catholic Community Foundation as a valued partner and resource. Many of our donors find Charitable Gift Annuities to be excellent gift vehicles, and NCCF provides us with the administrative tools to offer this program on a nationwide basis. In addition, NCCF promotes and supports a variety of Catholic organizations and encourages contributors to invest in many worthwhile causes.
Gift Planning Administrator