You can leave a specific dollar amount or bequeath a portion of your estate after distributions.
By naming the Catholic Community Foundation as a beneficiary of your 401k, IRA or other qualified retirement plan, your heirs will avoid the potential double taxation on the assets left in your retirement account.
In return for a gift, you can receive a lifelong stream of income, receive a tax deduction, and the remaining balance will be passed on to the Foundation upon the death of the beneficiary.
You make an irrevocable contribution of cash or securities to the Foundation. Your chosen trustee pays income from the trust to designated beneficiaries for life or a set term of years. At the death of the last beneficiary, the principal is distributed to an endowment fund within the Foundation specified by you
A lead trust holds appreciating assets for a designated period and makes regular payments to the Foundation. At the end of the trust’s term, all remaining assets are distributed to your designated beneficiaries with reduced gift and estate tax. A lead trust can be structured to totally eliminate estate and gift taxes on trust assets.
If you purchased a life insurance policy to meet a financial responsibility that has since been met, gifting it may be a means to provide support to your parish, Catholic school, or ministry, and to realize an immediate tax deduction.