The techniques of charitable gift planning include both revocable and irrevocable arrangements, gifts available for use at the time they are given and gifts that may not be available until a future date and split-interest gifts intended to balance financial, personal and charitable objectives. These techniques are called “planned gifts”.
Planned gift, deferred gift, estate gift – different names for a way to manage your affairs, plan for the future, and make a gift to Mater Dei Catholic High School, Breese, Illinois. Planned gifts are a variety of charitable giving methods that allow you to express your personal values by integrating your charitable, family and financial goals. Making a planned charitable gift usually requires the assistance of a knowledgeable advisor such as an attorney, financial planner, or CPA to help structure the gift. Donors should seek charitable gift planning advice from professionals with integrity, expertise, and experience in law, investments, property, tax and charitable transfers in order to assure both the technical merits of the transfer and the philanthropic quality of the gift.
Planned gifts can be made with cash, but many planned gifts are made by donating assets such as stocks, real estate, art pieces, or business interests – the possibilities are endless, considering all types of real and personal property and tangible and intangible assets. Planned gifts can provide valuable tax benefits and/or lifetime income for you and your spouse or other loved one. The most frequently-made planned gifts are bequests to charities, made through your will. Other popular planned gifts include charitable trusts and charitable gift annuities.
When you leave a bequest to Mater Dei Catholic High School through your will or living trust, you can make a generous gift without reducing your current income. Gifts in wills or revocable trusts account for a major portion of the Mater Dei Foundation (Endowment) and provide significant funding for programs, facilities, and student aid at Mater Dei Catholic High School. You can also specify the particular programs that you wish your gift to benefit. You also can create special funds or endowed scholarships in your name or in memory of loved ones with a suggested minimum gift of $25,000. Charitable bequests are normally deductible in full for estate tax purposes.
Bequest designations should be made to the Mater Dei Foundation Inc., which has been designated by the Foundation Board as the official title through the 501(3)c it holds.
Mater Dei Foundation
The Mater Dei Foundation exists to provide long-term financial support for Mater Dei Catholic High School and to ensure that we are able to sustain a value-centered education of high quality for young people at an affordable cost. These young people will provide leadership within our Church and society in the future.
An endowment is an institution’s financial foundation and the avenue by which it can attain a margin of excellence. Endowment funds are held in trust and never spent, but when wisely invested yield earnings that provide a dependable source of income and a stable resource upon which to plan and build.
A memorial gift to the Mater Dei Foundation can be given in the name of a deceased loved one. The memorial takes care of a personal commitment for the bereaved family and helps to finance a Catholic education for the young people of our community.
Donations to the Foundation are permanently endowed and invested to generate income that helps to defray operating costs and reduce Mater Dei Catholic High Schools’ dependency on tuition as a source of revenue. No other type of support can so effectively address both present and future needs.