Planned Giving

Planned Giving

Planned Giving is a thoughtful and generous way to meet you personal financial objectives and also provides for Catholic Charities to help those in need now and in the future.

Here are some ways you can help Catholic Charities provide help and create hope into the future:

Bequests

Bequests remain a most important source of income for Catholic Charities. The generosity and thoughtfulness of those who name Catholic Charities in their wills is most appreciated and necessary to help Catholic Charities continue to meet basic human needs. Bequests may be made in a number of ways: general, residuary, remainder, and contingent.

Catholic Charities encourages bequests that provide the greatest flexibility to meet the critical needs that change over time and suggests the following wording in bequests:

"For the general support of The Catholic Charities of the Archdiocese of New York in providing help and creating hope for those in need."

Catholic Charities also recognizes that a donor may have an interest in designating a particular area for his or her contribution, such as: Protecting and Nurturing Children and Youth, Feeding the Hungry and Sheltering the Homeless, Strengthening Families and Resolving Crises, Supporting the Physically and Emotionally Challenged, Welcoming and Integrating Immigrants and Refugees.

Bequests to Catholic Charities are fully deductible as charitable gifts for federal estate-tax purposes and, in most cases, for state death-tax purposes.

Some common ways of making a bequest are as follows:

  1. A general bequest provides a specific dollar amount to Catholic Charities;
  2. A residuary bequest provides Catholic Charities with a specific asset or sum of money for all or a portion of what remains in an estate after other gifts have been made;
  3. A remainder bequest provides Catholic Charities with a portion of the donor's estate after the death of a life beneficiary;
  4. A gift of contingent interest gives Catholic Charities a portion of the donor's estate at the donor's death or the death of a life beneficiary if certain primary beneficiaries are no longer living.

For more information please contact:

Mary Ann Routledge
MaryAnn.Routledge@archny.org
 

Life Income Charitable Annuities

Planned Gifts can provide life income and help those in need.

If you are 65 and older a Charitable Gift Annuity can yield tax deductions and pay you secure interest income every month for the rest of your life.
If you are planning for retirement you can open a Deferred Gift Annuity. You'll enjoy an immediate tax deduction, and by the time you are 65 you can earn income as high as 16% per year.

Charitable Lead Trusts are designed to reduce the estate tax burden on your heirs.
For more information and other options for planned giving please contact:

Mary Ann Routledge
MaryAnn.Routledge@archny.org

Life Insurance

Life insurance offers the opportunity to make a generous gift to Catholic Charities with a relatively modest financial outlay, if any, and can result in substantial tax savings. A donor's charitable income-tax deduction is approximatley equal to the policy's cash value. A donor may also name Catholic Charities as a successor beneficiary to receive the proceeds in the event the primary beneficiary or beneficiaries are no longer living.

Should the proceeds be paid to Catholic Charities the donor's estate will be allowed a charitable estate-tax deductions. If Catholic Charities is named as the beneficiary and the owner, the policy is not included in the donor's taxable estate.

A charitable pledge equal to the face amount of the life insurance policy can be fulfilled through either a single gift that represents a fraction of the total pledge or on the "installment plan" through annual premiums. If premiums are still due on a policy, future premium payments are tax-deductible and may be paid to Catholic Charities. Fully paid policies are particularly welcome.

For more information, please contact:

Mary Ann Routledge
MaryAnn.Routledge@archny.org

Regina Coeli Legacy Society

Through their enrollment in the Regina Coeli Legacy Society Catholic Charities recognizes the thoughtfulness and generosity of those who choose to remember Catholic Charities in their planned gifts. These gifts include: naming Catholic Charities in their will or as the beneficiary of a retirement plan or life insurance policy, and purchasing a charitable gift annuity or the creation of a charitable trust.
 

Members of the Regina Coeli Legacy Society are invited to an Annual Mass at the Cathedral of St. Patrick, followed by a private reception. The generosity of the members, with their permission, is recognized in a special announcement published in Catholic New York and the Catholic Charities Annual Report.

For more information:

Mary Ann Routledge
MaryAnn.Routledge@archny.org