By Sister Laura Goedken, OP
A gift annuity is a simple agreement between a donor and the Catholic Foundation for the Diocese of Davenport in which the donor gives assets in exchange for the Foundation’s promise to provide the donor with payments for life.
Benefits for the donor include:
• Guaranteed income for the rest of your life
• An immediate tax deduction
• Personal satisfaction of making a gift.
An example: Mary Jones is 80 years old and she set up an annuity with the Catholic Foundation. She gave $10,000 and she will receive $680 (6.8% rate) annually for the rest of her life. When she dies, the remainder of her $10,000 is part of the Catholic Foundation which will benefit the Diocese of Davenport for many years to come.
Please complete and submit the form below to: Catholic Foundation, 780 W. Central Park Ave., Davenport, IA 52804, (563) 888-4252, Goedken@davenportdiocese.org.
I invite you to explore all options. Please contact Sister Laura Goedken, OP at (563) 888-4252 or Goedken@davenportdiocese.org for more information on how to include the Catholic Foundation, a Catholic school or your parish in your estate planning.
(Sr. Goedken is development director for the Diocese of Davenport.)
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I am interested in learning more about making a gift and receiving an income for life. Please contact me.