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Gifts that Pay You Income

Charitable Gift Annuities

A charitable gift annuity is one of the simplest ways to make a gift to the Friars. When you transfer money to establish an annuity, we provide you income for life. You can make a substantial donation (minimum $10,000) to the Dominican Friars and receive the following benefits:

Benefits of a Charitable Gift Annuity

  • Rates of return higher than CDs or money market funds.
  • Fixed income stream and payments for life, made quarterly.
  • Immediate tax deduction for a portion of your gift.
  • Income that is entirely or partially tax-free, depending upon your age.
  • Supplements retirement income.
  • Residual portion of your gift passes directly to the Dominican Friars, avoiding estate process.

How a Charitable Gift Annuity Works

A charitable gift annuity is a way to make a gift to support Dominican Foundation.

  • You transfer cash or property to Dominican Foundation.
  • In exchange, we promise to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment is typically tax-free.
  • You will receive a charitable income tax deduction for the gift portion of the annuity.
  • You also receive satisfaction, knowing that you will be helping further our mission.

The Dominican Friars have been issuing Charitable Gift Annuities for over 80 years – originally under the banner of the Deserving Poor Boys Priesthood Association. And since 1932, we have never missed a payment to one of our annuitants! Thank you for your prayerful support.

If you have any questions, please email Diana Kilarjian at or use the form below to request more information.

Please fill out the form below and we will get in touch with you regarding charitable gift annuities.
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The Dominican Foundation of Dominican Friars Province of St. Joseph, Inc. is a NY State tax-exempt corporation under section 501(c) (3) of the Internal Revenue Code, with
Tax ID # 26-3273636.