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Planned Giving


What is Planned Giving?

Planned Giving is an expression of interest through a carefully considered gift to Catholic Charities for the program of your choice. All gifts are tax deductible according to law and may remain confidential by donor choice.

What are Examples of Planned Gifts?

A planned gift can be a gift made with securities, property, insurance policies or cash. Or it can be a gift that also pays you a lifetime income. Planned gifts can be effective tools in preparing for a future disposal of assets.

Planned Giving is Flexible

Choose to give now or plan to give later. Give in a specific year for tax considerations, when your expenses are much less, when you no longer need the money or property, or when you decide to cash in an appreciated asset.
 

What are the Most Popular Forms of Planned Gifts?

Tool

Benefits

Bequest in Will or Revocable Living Trust - A gift you make by naming CCI in your will for a certain dollar amount, a percentage of your estate or the residuary.
  • Reduces size of taxable estate
  • Gives you flexibility in providing for family needs first
  • Any gift would be able to be passed on quickly after death as the trustees would not have to wait for probate
Charitable Gift Annuity - A contract in which CCI agrees to pay you back a percentage of your gift annually for your lifetime.
  • Immediate income tax deduction for part of your gift’s value, capital gains spread out over life expectancy, a portion of the income is tax exempt
  • Gives you and/or another beneficiary a set income for life
Life Insurance - A gift of an existing or new policy with CCI named as beneficiary after your death.
  • Immediate income tax deduction for gift’s value, plus possible estate tax savings
  • Provides a way to make a significant gift with minimal capital outlay
Retirement Plan - A gift made by naming CCI as remainder beneficiary after your death.
  • Heirs avoid income tax and possibly estate tax
  • Preserves 100 percent of plan’s value and allows you to leave heirs other, less costly bequests
Retained Life Estate - A donation of your home or farm but with the right to continue living there.
  • Immediate income tax deduction for the charitable value of the gift, plus no capital gains tax liability
  • Allows you to live in your home or farm and still receive charitable deduction; assures immediate passage of title upon your death
Charitable Remainder Trust - Trusts that pay or set a variable income to you or those you name before CCI receives the remainder.
  • Income tax savings from deduction, no capital gains tax liability, possible estate tax savings
  • Provides guaranteed or annual income that could increase if trust value increases
Charitable Lead Trust - A trust that pays CCI an income for a period of years before you or your heirs receive the trust remainder.
  • Gift or estate tax savings for value of payments made to a charity
  • Allows you to pass assets to heirs intact at reduced or even no estate or gift tax

In addition to the customary methods of making a planned estate gift (listed above), you can tailor your gift to fit your particular needs, while simultaneously furthering the work of CCI.

For more information, contact Julie Marcum-Hart at 208-350-7483.