They'll be playing at Christy Ring level for another season.
Offaly will be ruing a poor performance as they exited the Christy Ring Cup last weekend.
Despite leading by four points midway through the second half, Down took the Faithful to penalties and were unlucky not to win in normal time.
Eoghan Cahill top scored with 10 points of Offaly's 1-23 score, Shane Kinsella popping up with the goal after nine minutes.
Down eventually clinched victory 3-2 on penalties, Michael Fennelly's men missing their final three shots having led 2-0 early on.
Our Offaly GAA commentator Joe Troy says the best team won on the day:
Third Time The Charm As Laois Claim Joe McDonagh Cup
Offaly Pupils Become Local Stars After Publishing Bestselling Book
Katie Taylor To Fight At Croke Park In September
Laois And Westmeath Set For Big Tests In Intermediate Camogie Championship
I Knew I Had To Play A Good Round To Win - Ella Cantwell
Mullingar Athletic And Clonaslee United To Clash In Combined Counties Cup Final
Shane Lowry And Rory McIlroy In Contention At Memorial Tournament
There's Serious Competition In The Laois Panel - Mark Dowling
Westmeath Ladies Look To Book All-Ireland Quarter-Final Spot
Alex Dunne Aiming For Big Weekend In Monaco
Offaly Camogie Captain Looking Forward To Kilkenny Clash
Shane Lowry In Action At Memorial Tournament
Laois Aiming To Make It Third Time Lucky In Joe McDonagh Cup Decider
Galway To Host Westmeath On Sunday June 14th
Second Round Draw Made For FAI Cup
Cian Reddy Keeps Up Unbeaten Professional Record
Westmeath Ladies Get Opening Win In All-Ireland Intermediate Championship
Athlone Town Knocked Out Of All-Island Cup
Limerick See Off Offaly In Senior Camogie Championship
Athlone Town Suffer Defeat Away To UCD In First Division