1. What is a Charitable Gift Annuity?
A charitable gift annuity is a simple contract between
you and SVD Funds Inc. (Society of the Divine Word).
In exchange for your irrevocable gift of cash, securities,
or other assets, SVD Funds Inc. agrees to pay you or another
person whom you name a fixed sum for life.
The older the designated annuitants are at the time of
the gift, the greater the fixed income SVD Funds Inc.
can agree to pay.
In most cases, part of each payment is tax free, increasing
each payment's after-tax value.
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