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There are many creative ways a person can make a great gift to a Catholic organization that benefits both the giver and receiver. Below a few ways to give wisely, the
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to determine which type of gift and Catholic Charity fits you.
| Gift through a Will |
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The sizzle
- A gift through a Will is simple to make.
- A donor can retain the gift during his or her lifetime.
- A donor can change the beneficiary, amount or form by creating a new or modifying an existing will.
- An estate has a charitable deduction for the value of the gift.
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| Giving with Life Insurance |
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The sizzle
- Immediate deduction of the policy value.
- Premiums paid by a donor after the gift of the policy are deductible.
- Assignment removes the policy from the estate.
- A donor can make a significant gift he or she may not be able to make during a lifetime.
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| Giving with a Gift Annuity |
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The sizzle
- Transfer cash or marketable securities to the Diocese
- Donor receives an income tax deduction and may save capital gains tax.
- The Diocese pays a fixed amount each year to the donor or to anyone named for life.
- A portion of these payments can be tax-free.
- When the gift annuity ends, its remaining principal passes to the Diocese or preferred Catholic Charity set by a the donor.
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| Giving Appreciated Property |
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The sizzle
- Transfer your vacation home or other property out of your estate to a favorite Catholic Organization.
- Reduces Income Taxes by: Deduction for contribution.
- You give a large gift you may otherwise not be able to make.
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| Charitable Lead Annuity Trust |
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The sizzle
- Transfer cash, securities, or other property to a trust
- Receive an income tax deduction and pay no capital gains tax.
- During this term, the trust pays a percentage of its value each year to the donor or anyone.
- When the trust ends, its remaining principal passes to a parish, diocese, or preferred Catholic Charity.
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| Charitable Remainder Unitrust |
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The sizzle
- Transfer cash, securities, or other property to a trust
- Receive an income tax deduction and pay no capital gains tax.
- During this term, the trust pays a percentage of its value each year to the donor or anyone.
- When the trust ends, its remaining principal passes to a parish, diocese, or preferred Catholic Charity.
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•A donor can retain the property
and income during his or her
lifetime.
•A donor can change the
beneficiary, amount or form by
creating a new will.
•An estate has a charitable
deduction for the value of the gift.
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