How does someone set up a Deferred Payment Gift Annuity?
Suppose Dr. Jones, age 55, a neurosurgeon in a high-income bracket, wants to help Catholic Charities now and defer the income until retirement. Dr. Jones will receive an immediate income tax deduction for the gift portion of his annuity. By deferring the income until age 65, Dr. Jones will receive an 11.6 percent return instead of 6.1 percent at age 55.
