Legacy and Planned Giving Services

What is Legacy Giving (Planned Giving)?

Legacy giving or planned giving is a philanthropic approach to supporting your favorite nonprofit organization through a transfer of assets as part of an estate plan or bequeathed through a will. These assets include cash assets, real estate, stock, and life insurance to name a few. This forward-thinking approach to giving is “planned” because a donor’s assets are often not liquid, being used to generate income, wrapped up in a business, and/or have current tax limitations or consequences, if accessed. Legacy giving may provide tax benefits for you and you family that can help you now or in your future estate planning.

In short, legacy giving is a deferred form of individual giving which may allow you to make a more significant contribution to Catholic Charities than you thought possible.

It’s Not All or Nothing

Legacy giving can work in tandem with other family priorities; it is not an all-or-nothing bequest. These gifts can co-exist with other beneficiaries and personal priorities, and can be based on percentages rather than a lump sum.

Make your gift through Catholic Charities of Jackson, Lenawee and Hillsdale Counties today by calling us for more information.

Legacy Giving Options

A bequest through your will or trust is one of the most popular and flexible ways that you can support Catholic Charities. A beneficiary designation gift is a noble alternative to a traditional bequest; it’s a simple and affordable way to make a gift to support Catholic Charities. You can designate us as a beneficiary of a retirement plan, investment or bank account, or your life insurance policy.

  • Beneficiary Designation
    • Insurance policy beneficiary
    • Retirement plan beneficiary
    • Bank account beneficiary

 

There are, however, other ways a person can give in their legacy and each one has specific significant tax benefits, some present and some future.

  • Real estate
  • Stocks
  • Charitable IRA rollover
  • Charitable gift annuity
  • Personal property

 

Anyone considering a planned gift should consult a tax and/or legal advisor to determine the consequences or benefits of making a gift.

Designated Contributors

Interested in setting up regular or one-time disbursements from your IRA, 401(k), or other financial account? Talk to your financial advisor, institution, or tax advisor about the tax benefits you could receive through your contribution(s). Simply let them know your wishes and provide them with our agency’s legal information:

Legal Name: Catholic Charities of Jackson, Lenawee and Hillsdale Counties
Legal Address: 3425 Francis Street, Jackson, MI 49203
Tax ID/EIN: 38-1818593

They can help you plan your gift to make the biggest impact for you – and for us. For additional information or other ways to give, contact us Beth Cuthbertson at bcuthbertson@catholiccharitiesjlhc.org or (517) 879-0599.

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Catholic Charities of Jackson, Lenawee and Hillsdale Counties