What is a Deferred Gift Annuity?
A deferred charitable gift annuity is basically the same as a charitable gift annuity with the exception that you choose to wait for the first annuity payment, rather than having your payments begin immediately.

At the time you enter into a deferred charitable gift annuity contract with the Catholic Gift Annuity, you irrevocably transfer the gift assets and receive an immediate income tax deduction, but you set a future date for the annuity payments to begin. You also have the option to wait to make a final decision on the start date for the payments. In either case, the longer the period that your annuity payments are deferred, the greater will be the fixed income that the Catholic Gift Annuity can agree to pay.

A deferred charitable gift annuity can be the solution if you need tax relief now but want to defer the income for retirement, you want to support catholic organizations but fear you may need the cash flow in the future, or you want to provide for the future of your loved one.