Planned Giving

“As each one has received a gift, use it to serve one another as good stewards of God’s varied grace” 1 Peter 4:10

“As Christian stewards, we receive God’s gifts gratefully, cultivate them responsibly, share them lovingly in justice with others, and return them with increase to the Lord.”—To Be a Christian Steward: A Summary of the U.S. Bishops’ Pastoral Letter on Stewardship

How is planned giving stewardship?

Planned giving is the act of sharing what we have accumulated from the gifts we have been given. The United States Conference of Catholic Bishops Stewardship: A Disciples Response, explains: “Planned gifts are normally made from the contributor’s accumulated assets as part of an overall estate plan. In addition to the normal benefits of charitable giving, planned gift agreements frequently result in tax advantages or other income benefits to the donor.”

“Most of the time, a planned gift is made by means of a formal agreement or contract and the principal or income from the gift is not available to the organization until the terms of the agreement are fulfilled (usually at the death of the donor or spouse).”

Your stewardship legacy

Planned gifts make it possible to share more than just income. After you have provided for your family and loved ones, consider:

An outright gift now (especially assets that aren’t being used)

  • A charitable distribution from your IRA
  • Appreciated stock or other securities
  • Grain or livestock
  • Assets that can be sold: real estate, tangible personal property or a paid-up life insurance policy.

A gift in the future that will cost little/nothing in your lifetime

Make a bequest to your parish, a school, a ministry or the diocese in your will or a trust. Name it as a beneficiary of a life insurance policy or your retirement plan.

A gift in the future that will provide income during your lifetime

Name your parish, a school, a ministry or the diocese as the beneficiary of a charitable remainder trust or charitable gift annuity.

Please consult with your own attorney and other professional advisors regarding your personal tax and financial situation.

Ways to give:

Gift Guide Chart

Wondering how to make good giving decisions under tax law?

Tax Law and Charitable Gifts

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