(716) 828-9648

780 Ridge Road, Lackawanna, NY 14218


Charitable Gift Annuities

Acting Today to Make a Difference Tomorrow
When you fund a charitable gift annuity with Our Lady of Victory Homes of Charity, you establish a lifetime income for yourself or a loved one, while also providing for the more than 5,000 children, teens, families and the developmentally disabled who are cared for here at "Father Baker's" each and every year.
What is a Charitable Gift Annuity?
A charitable gift annuity is an agreement between a donor and Our Lady of Victory Homes of Charity. Through the annuity agreement, the Homes of Charity provides a steady income to the donor and/or a second annuitant for the rest of the donors' lifetime. Additionally, in the year the donor establishes a gift annuity with the Homes, they will receive a significant charitable income tax deduction. A minimum of $5,000 is needed to establish a gift annuity.
Donors may use cash, property, or appreciated securities in exchange for a gift annuity. Gift annuity assets are kept separate from the operational funds of Our Lady of Victory and invested for the long term stability that enables us to fulfill our obligations to the many individuals who have established a gift annuity with us.
For decades, Our Lady of Victory Homes of Charity has provided our annuitants with a steady income through this planned giving option. Gift annuities can be easily set up for one or two people; and are a wonderful way to provide for spouses, loved ones, or even valued care givers. Annuity rates are available to anyone 60 years or older, and the annuity rates are based on the age of the income recipient(s). After an annuity is created, rest assure that the rate will never decrease.
  • Benefits of a Charitable Gift Annuity include:
  • Income for life paid annually, semiannually, quarterly, or monthly.
  • Electronic Fund Transfers may be sent to your bank or financial institution.
  • Fixed return at very attractive rates.
  • Immediate charitable income tax deduction.
  • Capital gains tax advantage if gift is made with appreciated securities.
  • Membership in the Legacy Alliance of Our Lady of Victory
Looking for an IRA substitute?
A deferred gift annuity is an ideal way for donors* to supplement their retirement income and make a gift to Our Lady of Victory Homes of Charity. Giving now and receiving later will provide you with:
  • An immediate charitable income tax deduction
  • Predictable income after retirement and for the rest of your life
  • Capital gains taxes advantages if you make with appreciated securities
Our Development Staff will be happy to send a personalized annuity proposal that shows how a deferred gift annuity can benefit both you and Our Lady of Victory. Please contact us at (716) 828-9610 or (800)525-4906 and our staff will help answer whatever questions you might have.
Interest Rates & Fixed Incomes
Many individuals on fixed incomes have been hurt by lower interest rates. Certificates of deposit that once paid 7% or more are being renewed at 2% or less today. For those on fixed incomes, this represents a real loss of earnings. As an alternative, many individuals have looked to the stock market as a way to recoup their shortfall in income. However, with the stock markets varying performance since 2008, it's hard to offset the shortfall.
Not surprisingly, many friends and benefactors of Our Lady of Victory are turning to us to provide streams of income paying 5% to 10%, depending on the age of the donor.
If you would like additional information on our Charitable Gift Annuity program as well as other ways to support the Homes of Charity, our development staff would be happy to speak with you or schedule a personal visit with you. You may contact our staff at (716) 828-9610 or (800) 525-4906.
* This website is for informational purposes, and is not intended as specific legal advice. Gift annuities with Our Lady of Victory Homes of Charity are not available in all states. Consult your attorney when considering any legal matter. State laws which govern Wills and contracts vary and are subject to change.