Other Gifting Options
“For we brought nothing into the world, just as we shall not be able to take anything out of it.” 1 Timothy 6:7
Retirement Plan Assets
Very substantial sums are currently invested in retirement plans. For many people, their retirement plan may be the principal asset at the end of their life. A gift of all or a portion of your remaining assets from an IRA, 401(k), 403(b) or other retirement plan may be one of the smartest and least “expensive” ways to favor your parish, school, a ministry or the diocese.
Charitable Gift Annuities
The diocese sponsors a charitable gift annuity program for donors 65 or older willing to make a gift of at least $5,000 that will eventually pass to a parish, school, ministry or the diocese. In return for the gift that will pass after death, a charitable gift annuity generates fixed payments for life to you and/or someone you designate. The annuity will replace and may actually increase the cash flow from the assets used to fund it.
Other Legacy Gifts
- Name your parish, a school, ministry, endowment, or the diocese as a beneficiary of your life insurance.