How to Make a Planned Gift
Thank you to the many faithful friends, supporters and confreres who make the mission of the Western Province – in God’s time and with His grace – possible. Your financial support finds its way from New Orleans to Nairobi. During the next year, our message will proclaim our “Witness of Joy” – in word, sacrament and service.
Consider making a planned gift to help sustain and grow our parishes, missions and apostolates. Your gift will improve the lives of countless people and cultivate a legacy of generosity for you and your family, now and into the future.
Bequests and Trusts
One of life’s most difficult moments is the death of a loved one. What makes these times even harder is trying to fulfill the wishes of the deceased when there is no valid will or trust.
When someone dies without a will or trust, the Probate Courts distribute the estate. This can be a time-consuming and frustrating process. Friends, as well as favorite charities, may be overlooked as a result.
With a valid will or trust, you can feel secure – confident that your intentions will be carried out. A will or trust ensures that your tradition of charitable giving will continue for years to come. There are three ways to remember the Vincentians:
- Make a specific gift amount.
- Designate a percentage of your estate.
- Gift the remainder of your estate once heirs and loved ones have been remembered.
For more information regarding a will, trust or specific bequest language, please contact Jeanne Rudolph at 314.373.8513 or email at firstname.lastname@example.org.
Charitable Gift Annuity
A Charitable Gift Annuity is a simple way to support the Vincentians, as well as provide a great benefit for you, the donor.
- You gain a fixed annual payment for the rest of your life.
- You receive a charitable tax deduction for the first year in which the Gift Annuity is established.
- A portion of your payment will be tax-free.
- Upon death, the remaining payment balance is transferred to the Congregation of the Mission, which continues your legacy of generosity beyond your lifetime.
The amount of the income tax deduction depends on your age, date of the Gift Annuity purchase, your life expectancy and the number of people that will benefit from the annuity.
The Congregation of the Mission has established the minimum age requirement of 50 and a $5,000 requirement for all Gift Annuities.
There are several types of Gift Annuities:
- The Single Life Gift Annuity is based on one person’s life, whether it is the donor’s life, a friend’s life or the life of a relative of the donor.
- A Two-Life Gift Annuity allows a second person to receive the same payments after the primary annuitant’s death for the rest of his or her life.
- A Deferred Gift Annuity offers a charitable tax deduction now, while it secures a higher payout rate later, when it is needed most, for example, in retirement.
The Congregation of the Mission Western Province uses the current rates published by the American Council on Gift Annuities. Single life charitable gift annuity rates are currently between 4% and 9% based on the annuitant’s age. Rates are subject to change. Please call 314.373.8513 for the current rate based on your age.
IRS Circular 230: Charitable giving has tax implications. Please consult your personal tax advisors and click below to review important tax disclosures. [IRS Circular 230]
If you are 70 and 1/2 years of age or older, you can make qualified distributions from your IRA to the Congregation of the Mission Western Province.
While an IRA Rollover is not tax-deductible, you do not have to claim it as income. This may be beneficial to you if you do not itemize your deductions or if they are subject to limitations. It may also help you meet your required minimum distribution. Please call for details or for other ways to make a tax-wise gift.
For more information, contact:
Ms. Jeanne Rudolph
Major Gifts Officer
13663 Rider Trail North
Earth City, MO 63045