 Muriel Pless ’41 with longtime friend Jemma Gangadeen at the dedication of the Muriel and Virginia Pless Center for the Performing Arts 2013 |
You can make a lasting impact on St. Joseph’s while also generating dependable income for life. How? By establishing a life-income gift with a charitable gift annuity (CGA).
If you’re 65 years or older or planning for retirement, you can make a gift of $15,000 or more using cash or appreciated stock and we agree to pay you (and someone else if you choose) a fixed amount each year for life.
When you make your gift, you qualify for a partial income-tax charitable deduction. If you fund your gift using appreciated property, you receive an additional benefit of eliminating up-front, capital-gain tax on the gift.
After your lifetime, the remainder will be paid to St. Joseph’s—and you can designate it as you would any gift to St. Joseph's.
Younger than 65 and thinking ahead? Ask us about a deferred CGA.
Muriel Pless ’41 created a CGA in 2012 for $250,000. She received annual payments for the duration of her life. After her passing in 2021, at the age of 102, St. Joseph's received more than $135,000 earmarked to arts programs at St. Joseph's Long Island’s theater, named for Muriel and her sister Virginia.
If you’d like to consider a CGA gift to St. Joseph's that will provide you a secure income stream for your retirement, contact us today. We can provide you with the full details of how a gift would benefit you, including the amount of your payments and the tax benefits.
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