Give Later

Legacy Gifts are for Everyone

Many times, when people hear the words “estate planning” or “legacy gift,” they think “I’m not rich – that doesn’t apply to me.” At the Foundation we know that simply is not true – legacy gifts of any amount are always welcomed and deeply appreciated. Leaving a “modest” amount (“I want to give $3,000 to my parish and the rest is for my family”) or “small” percentage (“5% of the value of my home should be donated to charity”) will still have a big impact on the organizations you love.

Blended Gifts

Current and legacy giving are not “either/or” decisions. Many people would like to give more to the causes they love today but are limited by the expenses of everyday life. For most people, the majority of one’s wealth is tied up in assets which is why legacy giving can bring great joy. Legacy Gifts come from the donor’s assets after their lifetime and are usually much larger than what that donor was able to give during their lifetime.

Legacy Giving and Endowments

An endowment is often the perfect recipient of a Legacy Gift. Endowments provide stable, permanent support for the organizations we love. By directing your Legacy Gift to an endowment, you can help support an organization you love FOREVER. Your gift will always remain a part of the endowment because the corpus of the fund is never spent – only the earnings are used for annual grants.

See our list of current endowments >>

Types of Legacy Gifts

Create a lasting legacy that benefits of Catholic organizations and ministries you love by considering gifts that include:

Bequest

A gift you make in your will to a fund or organization that will save you estate tax

Charitable Remainder Trust

A Charitable donation that provides you a tax deduction and payments for life

Charitable Gift Annuity

A Charitable donation that provides you a tax deduction and payments for life

Retained Life Estate

A charitable donation that you retain ownership and possession of for life

Life Insurance Policy

Make a charitable gift by naming a charitable organization or fund the beneficiary of an unnecessary life insurance policy and receive a tax deduction

Charitable Lead Trust

Utilize current assets to make charitable donations now and transfer ownership to you or another beneficiary later. This allows you to avoid future capital gains

Retirement Plans

Make a charitable gift of a retirement policy and obtain large charitable gains while avoiding significant taxes

Sample Bequest Language

Would you like to include a legacy gift in your will or trust? Use this sample bequest language as a starting point and talk to your professional advisor about how to incorporate a bequest into your estate plan.

Download the Sample Bequest Language

Questions?

Have questions about how to take the next steps toward leaving a legacy gift? Please reach out at 408.995.5219 or click the button below!

This information is not intended as tax, legal or financial advice. Consult your personal advisors for information specific to your situation.