Guide to Giving

| April 11, 2013 | 0 Comments

There are many ways to give and leave a legacy. The Catholic Community Foundation accepts gifts of cash, appreciated securities, and other assets including real estate, stock, life insurance, retirement assets and more.

“Our donors come to us with a philanthropic passion, something they really care about. Then we can help them make a gift that is meaningful right now in their life and that ultimately can last forever,” said Kelly Webster, vice president of development and donor engagement.

Gifts that make a difference now

  • Endowment Fund

A permanent fund which will provide for a parish, school, Catholic agency or a combination of charities in perpetuity.

Provides funding to a designated beneficiary(ies), forever; annual distributions made from earnings; principal is resricted; qualifies for membership in the Legacy Society.

  • Donor Advised Fund

One simple, consolidated method of charitable giving to the causes close to your heart.

Provides efficiency for your charitable giving; tax benefits; invested so gifts can grow.

  • Addition to Existing Fund

A gift in any amount of cash or non-cash assets.

Easy to do; immediate tax deduction.

Gifts that give back: Income producing gifts

  • Charitable Gift Annuity

Receive income for life in exchange for a minimum gift.

Fixed payments; portion of payments are usually tax deductible; rates can be higher than bank CDs; qualifies for membership in the Legacy Society.

  • Charitable Remainder Trust

Receive income for life in exchange for a minimum gift.

Fixed or variable payout rate; no capital gains tax on appreciated gift; charitable remainder can become a permanent family endowment; income tax deduction; qualifies for membership in the Legacy Society.

  • Charitable Lead Trust

Provide an annual gift to your selected charity for a term of years.

Perfect for individuals in high estate and tax brackets; charity benefits up front while remainder of gift is returned to donor or passed along to heirs; qualifies for membership in the Legacy Society.

Gifts that bear fruit later: Deferred gifts

  • Bequest

A designation in your will in which you name a fund at the Catholic Community Foundation as a beneficiary.

Retain use of all assets during lifetime; may designate a percentage or residue of estate after family members benefit first; ensures that your favorite causes continue to receive your support for generations to come; may offset tax obligations at death; qualifies for membership in the Legacy Society.

  • Insurance policies or retirement accounts

A designation in which you name a fund at the Catholic Community Foundation as a beneficiary.

Very easy to do; may designate specific dollar amount, percentage or residual of policy or plan after family members benefit first; income tax deduction for cash value of the policy when donated; qualifies for membership in the Legacy Society.

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Category: Catholic Community Foundation