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Planning for Tomorrow Today
In July 2011, Elaine Phillips '44 took out her fifth Charitable Gift Annuity with Saint Xavier University. With the sluggish economy, she had a hard time securing sustainable interest on her accounts. Elaine said, "I was self-employed for over twenty years. I had to find a way to make my financial plan work better for me." About ten years ago, Elaine started establishing Charitable Gift Annuities with Saint Xavier University. These agreements worked to Elaine's advantage, assuring her a fixed payment on a regular basis. Since Elaine was older when she entered into the agreements, the payment rate was higher than any other investment tools that she could find.
Besides providing Elaine with financial resources on a regular basis, she was delighted that a portion of her money would benefit Saint Xavier University and support the mission of higher education. "I was always grateful for my education at Saint Xavier and I want the next generation to have the educational opportunities they need to become productive citizens of tomorrow."
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.