How does it work?
You contribute a gift in the form of a check or by transferring an asset such as stocks or land to the Institute. In return, the Institute guarantees to pay you a fixed payment based on your current age. The funds you give are invested to generate a return sufficient to pay the annuity. Please write or email us for an illustration of the returns that can be generated. Returns are established by the American Council of Gift Annuities.

How do I obtain a confidential, no-obligation illustration that provides my rate of return and other benefits?
Simply send an email now to the Director of Special Events & Donor Relations - Jennifer Koenig, at jkoenig@seamenschurch.org or call her directly at 212-349-0909.

How do I benefit?
You receive a guaranteed fixed income payment for your entire life. You can also establish a two life Charitable Gift Annuity, calculated at somewhat lower rates, which provides a guaranteed fixed income payment for the entire life of you and your spouse. You are eligible for an immediate tax deduction based on a portion of your total contribution as a benefit for the future gift of whatever principal amount remains in the annuity after your death. Please consult with a tax advisor. Additionally, a portion of the income returned to you will be non-taxable since it includes a partial return of your principle.

How does Seamen's Church Institute benefit?
After your death (and the death of your spouse in the case of a two life gift annuity), the remainder is distributed as you designate to the Institute for the purpose you determined when the gift annuity was written. You could decide that the remainder be placed into the endowment. You could also designate the proceeds to support a ministry of the Institute such as Port or River Ministry, Maritime Education, Policy, Advocacy and Law or Christmas at Sea.

Learn more about Planned Giving to the Institute.