Charitable Gift Annuity (CGA)
St. Francis Catholic High School in Sacramento is the proud beneficiary of the Diocese of Sacramento’s first Charitable Gift Annuity.
William G. Hegg believes “the faith-based education that St. Francis High School provides is creating woman leaders of tomorrow.” ~ so inspired he increased his charitable investing to the community through a $100,000 Charitable Gift Annuity.
Supporting the local community has always been the cornerstone of William (Bill) G. Hegg’s charitable philosophy. For over 50 years this is exactly what he has done through the sharing of his time, talent and treasure. Known throughout the Sacramento region as a gentleman with an unassuming soft-spoken manner, Bill has provided hope and help to thousands of local residents. Honored numerous times for his charitable work, Bill was named the Sacramento Humanitarian of the Year in 1994.
Born and raised in Wisconsin, Bill moved to Sacramento in 1963. A savvy businessman, he led Sacramento Savings Bank from a company with 60 employees and three branches to more than 900 employees and $3.2 billion in assets.
Who better to recognize and appreciate the value of charitable investing through a Charitable Gift Annuity (CGA)?
Proud to be the Diocese’s first annuitant, Bill believes CGA’s provide a win-win for today’s donors. Charitable investing through a CGA is an opportunity for philanthropists over the age of 65 to receive an annual yield on their charitable gift. Bill’s charitable investment in St. Francis High School will provide him a 7.7% annual cash yield. Compare this to today’s CD rates!
Bill believes CGA’s are a sound charitable investing tool which provide donors, at many different investing levels, an opportunity to support their local Catholic community while supplementing their annual income. Interested philanthropists can begin their charitable investing with a $10,000 CGA through The Catholic Foundation of the Diocese of Sacramento.
To see how a CGA can supplement your current monthly income and support your favorite Catholic charity contact The Catholic Foundation at (916) 733-0266 or email info@tcfsac.org.
