WAYS TO GIVE

 

TRANSFER ON DEATH (TOD) ACCOUNTS

 

TOD accounts are the easiest way to designate a beneficiary and require only that you specifiy that beneficiary and the percentage of the individual bank or brokerage account that you want the beneficiary to receive upon your death. Until that time, you remain in total control of the assests in the account and can change the beneficiary designation as often as needed. At the time of death, any remaining assets in the account will be transferred outside of probate to the designated beneficiaries. An attorney is not required to establish a TOD designation on an account. Either a short form or an on-line designation can be completed to establish this request.

 

 

 

A charitable bequest is also one of the easiest ways you can leave a lasting impact on Saint Patrick Parish

A bequest may be made in your will or trust directing a gift to Saint Patrick Parish

 

BENEFITS OF YOUR BEQUEST

 

  • Receive an estate tax charitable deduction

  • Lessen the burden of taxes on your family

  • Leave a lasting legacy

 

HOW DO YOU MAKE A BEQUEST?

 

With the help of an advisor, you can include language in your will or trust specifying a gift to be made to family, friends, or Saint Patrick Parish as part of your estate plan.

 

YOUR BEQUEST OPTIONS

 

A bequest may be made in several ways:

 

  • Gift of a percentage of your estate

  • Gift of a specific dollar amount or asset

  • Gift from the balance or residue of your estate

 

MAKING A BEQUEST OF YOUR RETIREMENT ASSETS

 

A retirement asset, such as an IRA account, makes an excellent bequest Saint Patrick's. If the IRA were given to your family, much of the value might be lost through estate and income taxes. By designating Saint Patrick Parish as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.

BEQUEST

Saint Patrick Parish

CHARITABLE GIFT ANNUITY

Saint Patrick Parish

Are you looking for a secure source of fixed income for now or your future? You may be tired of living at the mercy of the fluctuating stock and real estate markets. One solution is a charitable gift annuity.

 

HOW IT WORKS

 

A charitable gift annuity is a contract between you and Saint Patrick Parish.

 

  • You transfer property to Saint Patrick Parish. In exchange, we pay you fixed income for life.

  • The fixed income can be quite high depending on your age.

  • A portion of your income stream may even be tax free.

  • You will receive a charitable deduction for your gift of the remainder to Saint Patrick Parish and the satisfaction of furthering our mission.

 

TYPES OF ASSETS YOU MAY GIVE

 

  • If you decide to fund your gift annuity with cash, a significant portion of the annuity income will be tax free.

  • You may make a gift of your appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.

 

START RECEIVING GIFTS NOW WITH A CHARITABLE GIFT ANNUITY

 

If you desire current income, you may transfer property in exchange for our promise to pay you fixed income beginning as early as this year. You will receive a income tax charitable deduction this year for the value of your gift to Saint Patrick Parish.

 

DEFERRED GIFT ANNUITY FOR A FUTURE DATE

 

Perhaps you are not ready to begin receiving income until a future date, such as when you retire. You can establish a deferred gift annuity, receive a charitable income tax deduction this year, and receive payments at a designated future time. Best of all, because you defer your payments, your annual payment will be higher than with a current annuity. Contact us about flexible date options for your future income.

 

CHARITABLE UNIT TRUST

Saint Patrick Parish

You may be concerned about the high cost of capital gains tax upon the sale of your appreciated property. Or perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder unit trust might offer the solutions you need.

 

BENEFITS OF A CHARITABLE REMAINDER UNIT TRUST

 

  • Income for life, lives, or term of years

  • Avoid capital gains on the sale of your appreciated assets

  • Charitable income tax deduction for remainder portion of your gift to Saint Patrick Parish

  • Future legacy gift to Saint Patrick's

 

CHARITABLE REMAINDER UNIT TRUST FOR INCOME

 

A charitable remainder unitrust pays you income that reflects trust investments. There is the potential that your income could increase over time with growth in the trust.

 

HOW TO SELECT THE RIGHT UNIT TRUST PAYOUT FOR YOU

 

There are several unitrust payout options to meet your needs:

 

  • The standard unitrust pays out a percentage of the trust assets each year.

  • Another payout option, used commonly for real estate, permits the trust to sell the property tax free and then begin paying you income after the property has been sold.

CHARITABLE ANNUITY TRUST

Saint Patrick Parish

You may be concerned about the high cost of capital gains tax upon the sale of your appreciated property.

Or perhaps you recently sold property and are looking for a way to save on taxes and plan for retirement. A charitable remainder annuity trust may offer the solutions you need.

 

BENEFITS OF A TRUST GIFT

 

  • Fixed income for life, lives or term of years

  • Avoid capital gains tax on the sale of your appreciated assets

  • Charitable income tax deduction for remainder portion of your gift to Saint Patrick Parish

 

CHARITABLE REMAINDER ANNUITY TRUST FOR FIXED INCOME

 

If you are tired of riding the fluctuating stock market and want a fixed income, a charitable remainder annuity trust may provide you with the stability you desire. A charitable remainder annuity trust pays out a fixed amount each year based on the value of the property at the time it is gifted.