Deferred Gifts

Mount Carmel can manage charitable gift annuities, deferred gift annuities, bequests and life insurance, as well as transferring assets of real and appreciated property.

With charitable gift annuities, payments to benefactors begin as soon as a gift is made, and donors receive immediate tax deductions.

With deferred gift annuities, the benefactor has flexibility in determining the start date of payments.  For example, if the gift is made at age 40, the donor may choose the starting date of payments anytime between the ages of 55 and 80.  Charitable deductions are available immediately.

Through a bequest, the benefactors names Mount Carmel High School as the remainder beneficiary of the estate, or makes a specific bequest to support one or more school programs, i.e. scholarships, endowment, building campaign.

Donating paid-up life insurance policies or paying premiums on a new policy that designates Mount Carmel as owner or beneficiary.

For more information, contact:

Dan Hack

Senior Vice President - Wealth Management

Smith Barney

Phone: 800-334-2446

Fax: 312-917-7450

dan.hack@smithbarney.com