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Covenant Health is an innovative, Catholic regional delivery network and a leader in values based, not-for-profit health and elder care. We sponsor hospitals, nursing homes, assisted living residences and other health and elder care organizations throughout New England.

Charitable Gift Annuities

For the first time in more than six years, the American Council on Gift Annuities has increased its suggested rates. St. Joseph Healthcare is now offering these new, higher rates!

          Here’s an example of a CGA: 75-year-old couple John and Sue would like to diversify their estate plan, as well as give back to their community. They establish a $100,000 charitable gift annuity to St. Joseph Healthcare. At a rate of 5.5%, they are guaranteed a $5,500 payment each year, for the remainder of their lives. After John and Sue both pass away the remaining amount will be used to support the vital work of St. Joe’s.


The typical charitable gift annuity donor:                

Is Age 65+

Would like additional income

Likes the idea of a fixed lifetime payment

Has assets that generate little income, such as interest or dividends

Has assets with a low tax cost basis



One Beneficiary (Age) Old Rate New Rate Two Beneficiaries (Ages) Old Rate New Rate
65 4.7% 5.1% 65, 60 4.0% 4.3%
70 5.1% 5.6% 70, 65 4.4% 4.7%
75 5.8% 6.2% 75, 70 4.8% 5.2%
80 6.8% 7.3% 80, 75 5.3% 5.7%

Want to learn more about CGAs?

Please contact the St. Joseph Health Foundation Office at 207.907.1740 or email:


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