CHARITABLE GIFT ANNUITIES

Charitable Gift Annuities From St. Cecilia High School Endowment Fund Can Give You Enhanced After - Tax Income For the Rest of Your Life

What Is A Charitable Gift Annuity?

A Charitable Gift Annuity to the Hastings Catholic Schools is a contract between you and the Hastings Catholic Schools Endowment Fund. If you make a gift of any marketable property (e.g. cash, stock, real estate, etc.), the Hastings Catholic Schools Endowment Fund will pay you a specified lifetime income for one or two persons at a fixed-rate of return.

What Does It Accomplish?

1. It supplies teacher income to help address the needs of the Hastings Catholic Schools.
2. It supplies you with a regular rate of return for one or two persons.
3. No out-of-pocket expenses are needed to handle the transactions, e.g. legal fees, medical exams.
4. A current charitable income tax deduction reduces your income tax.
5. The gift annuity is removed from your taxable estate.
6. Typically, 40-60% is funded by appreciated property, a partial capital gains tax can be avoided.

This is a win-win situation between the two parties involved. A specified lifetime income is paid at a designated rate of return either quarterly, semi-annually, or annually to the donor for a certain period or for life. In turn, upon the death of that individual (s), the principal portion is used in support of the Hastings Catholic Schools.

GIFT ANNUITY RATES
Single Life... You may receive as much as 12%

AGE
NEAREST
BIRTHDAY

RATE
OF
PAYMENT

ANNUAL
INCOME PER
$1,000 GIFT

AGE
NEAREST
BIRTHDAY

RATE
OF
PAYMENT

ANNUAL
INCOME PER
$1,000 GIFT

20 & Under	5.5	$ 55
21	5.6	56
22	5.6	56
23	5.6	56
24	5.6	56
25	5.7	57
26	5.7	57
27	5.7	57
28	5.7	57
29	5.8	57
30	5.8	58
31	5.8	58
32	5.8	58
33	5.9	59
34	5.9	59
35	5.9	59
36	5.9	59
37	6.0	60
38	6.0	60
39	6.0	60
40	6.0	60
41	6.1	61
42	6.1	61
43	6.1	61
44	6.1	61
45	6.2	62
46	6.2	62
47	6.2	62
48	6.3	63
49	6.3	63
50	6.3	63
51	6.3	63
52	6.4	64
53	6.4	64
54	6.4	64
55	6.5	65

56	6.5	$ 65
57	6.6	66
58	6.6	66
59	6.6	66
60	6.7	67
61	6.7	67
62	6.7	67
63	6.7	67
64	6.7	67
65	7.0	70
66	7.1	71
67	7.2	72
68	7.3	73
69	7.4	74
70	7.5	75
71	7.6	76
72	7.7	77
73	7.8	78
74	8.0	80
75	8.2	82
76	8.3	83
77	8.5	85
78	8.7	87
79	9.0	90
80	9.2	92
81	9.4	94
82	9.6	96
83	9.9	99
84	10.2	102
85	10.5	105
86	10.8	180
87	11.1	111
88	11.4	114
89	11.7	117
90	12.0	120
& over	.	.

The St. Cecilia High School Endowment Fund pays from this rate table, which is recommended by the American Council of Gift Annuities (revised and adopted July 1, 1998). Rates for annuities for two persons will be furnished upon request. Please send birth dates for both persons. Rates for Deferred Charitable Annuities, where the income payout is "deferred" to a future time, will also be furnished upon request.

EXAMPLE A:
Mr Cecil R. Haukle, 81, lost his wife several years ago and lives by himself on a very limited income. He has long had the desire to help the Catholic Schools in Hastings financially but never felt able to adequately do so. His meager savings of $5000 which he holds in a savings account earns him 3.75% or $175.00 annually.

A Charitable Gift Annuity in the same amount, with the Hastings Catholic Schools as beneficiary, will give him guaranteed lifetime income of 9.4% or $470.00 annually. Upon his death, his desire to help the school system is accomplished, as the remaining portion will now be directed toward the St. Cecilia High School Endowment Fund with interest being used to finance teacher's salaries and benefits as well as future school needs.

EXAMPLE B:
Cecil also owns his small home located near the church he attends. The current value of that property is $40,000.00. In this case an annuity can be given in the appraised amount at the rate mentioned above, and upon his death the home passes to the school for sale or use. He is able to continue living in his home, as well as making a substantial contribution upon his death. This charitable gift annuity would amount to $3760.00 in additional annual income to be used for living and travel expenses.


	HASTINGS CATHOLIC SCHOOLS DEVELOPMENT OFFICE 111 North Burlington Avenue Hastings, NE 68901 402-462-6566 Tax Identification Number: 36-3336517