Alumna Makes a Big Impact With a Charitable Gift Annuity
Muriel Pless ’41 with longtime friend Jemma Gangadeen at the dedication of the Muriel and Virginia Pless Center for the Performing Arts 2013
You can make a lasting impact on St. Joseph’s while also generating dependable income for life. How? By establishing a life income gift with a charitable gift annuity (CGA).
If you’re 65 years or older, or planning for retirement, you can make a gift of $15,000 or more using cash or appreciated stock, and we agree to pay you (and someone else if you choose) a fixed amount each year for life.
When you make your gift, you qualify for a partial income tax charitable deduction. If you fund your gift using appreciated property, you receive an additional benefit of eliminating up-front the capital gains tax on the gift.
After your lifetime, the remainder will be paid to St. Joseph’s — and you can designate it as you would any gift to St. Joseph's.
Younger than 65 and thinking ahead? Ask us about a deferred CGA.
Muriel Pless ’41 created a CGA in 2012 for $250,000. She received annual payments for the duration of her life. After her passing in 2021, at 102 years old, St. Joseph's received over $135,000 earmarked to arts programs at St. Joseph's Long Island’s theater, named for Muriel and her sister, Virginia.
If you’d like to consider a CGA gift to St. Joseph's that will provide you a secure income stream for your retirement, contact Rory Shaffer-Walsh at 631.687.2658 or rshaffer-walsh@sjny.edu. We can provide you with the full details of how a gift would benefit you, including the amount of your payments and the tax benefits.
Information contained herein was accurate at the time of posting. 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. California residents: 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. Oklahoma residents: 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. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance. A copy of our most recently filed financial report is available from the Charities Registry on the New York State Attorney General’s website (www.charitiesnys.com) or, upon request, by contacting the New York State Attorney General, Charities Bureau, 28 Liberty Street, New York, NY 10005, or us at 245 Clinton Avenue, Brooklyn, NY 11205. You also may obtain information on charitable organizations from the New York State Office of the Attorney General at www.charitiesnys.com or (212) 416-8401.