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 contact our Planned Giving Office at or call 646-350-0108.

Please fill out the form below and we will get in touch with you regarding charitable gift annuities.

Copyright © 2017-2024 Dominican Friars Foundation

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.