Gifts that Give Back
With some careful planning, you’ll be able to realize income and charitable tax credits now while leaving a legacy gift to Corpus Christi Parish.
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Charitable Gift Annuity | With a charitable gift annuity, a portion of your contribution is used to purchase an annuity for you while the remainder goes directly to Corpus Christi as a gift. Benefits to a Charitable Gift include:
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Receiving guaranteed, regular payments for the rest of your life that are largely tax-free
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Reducing your taxes and increasing your after-tax income now using a donation receipt from Corpus Christi for the value of your gift
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Receiving the satisfaction of seeing your gift to Corpus Christi
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Charitable Insured Annuity | With your purchase of a charitable insured annuity, a portion of your annuity income will be used to fund an insurance policy for which Corpus Christi Parish is the named owner and beneficiary. Benefits of a Charitable Insured Annuity include:
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Receiving guaranteed, regular payments for the rest of your life that are largely tax-free
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Providing for a significant future gift to Corpus Christi
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Knowing that the premiums paid on the insurance policy are tax creditable to you and will boost your after-tax income now and in the future as long as premiums are being paid.
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Residual Interests | By making a gift of residual interest, property is deeded to Corpus Christi Parish. For example, it is possible to donate property (a favorite painting) or real estate (your house or cottage) today while retaining the right to use and enjoy them during your lifetime. In return, Corpus Christi issues you a tax-creditable receipt reflecting the present value and residual interest. These types of gifts are usually given by people who plan to give the property to the Parish through a gift in their will, but want to reduce their income tax now while retaining the right to use and enjoy the property.