Type of Gift |
Form of Gift |
Amount |
Benefit to Parish |
Benefit to You |
Outright
Gift |
- Cash
- Appreciated
Stock
- Real
Estate
- Insurance
|
Unlimited |
Perpetual
Income.Promotes
mission of parish or school |
- Income
tax deduction
- No
capital gains tax on appreciated gifts
|
Bequest |
- Cash
- Real
estate
- Personal
property
- Percentage
of estate
- Remainder
of estate after other obligations have been satisfied
|
Unlimited |
Bequest
will generate income for parish or school in perpetuity |
- Possible
estate tax deduction
- Opportunity
to make a difference after you are gone
|
Charitable
Gift Annuities |
|
$5,000
minimum |
Upon
the death of donor(s), remaining assets generate earnings in perpetuity |
- Guaranteed
payments for life
- Great
rates starting at 7% and going to 12%
- Portion
of income is tax free
- Immediate
income tax deduction
- Possible
reduction of estate taxes
|
Insurance
Policies |
Name
parish as policy owner or beneficiary |
Unlimited |
Parish
Foundation Account receives full face value of policy upon death of
donor, or may receive current surrender value prior to donor’s
death |
- Opportunity
to make substantial future gift to parish or school at current manageable
cost
- Income
tax deduction for value of the policy when transferred
- Premium
payments deductible
|
Charitable
Remainder Trusts |
- Cash
- Appreciated
stock
- Real
Estate
|
Usually
$100,000 minimum |
Parish
Foundation Account receives substantial future gift |
- Variable
or fixed income
- Deferred
income if desired
- Income
tax deduction
- Potential
reduction of income taxes
|
Charitable
Lead Trusts |
- Cash
- Appreciated
Stock
- Real
Estate
|
Usually
$100,000 or more |
Income
for duration of trust helps promote parish mission |
- At
the end of the trust period, principal returns to the donor or heirs
- Income
tax deduction
- Principal
can pass to others with little or no erosion
- Possible
estate tax deduction
|
Retirement
Plan/IRA |
Name
parish foundation account as beneficiary of death benefit |
Unlimited |
Significant
gift upon death of donor |
- Opportunity
to make a large gift
- Estate
and income tax savings may cover a substantial portion of the gift
|
Tax-free
IRA contributions |
In Aug., 2006, President Bush signed
into law the Pension Protection Act. |
$100,000 per year. Donor must be
at least 70-1/2 |
Income helps promote parish and/or
school mission |
- All charitable distributions count toward required minimum distributions
- Distribution generates netither taxable income nor a tax deduction,
so even if a donor does not itemize tax return, they receive the benefit
|
