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.