Advancement – Planned Giving

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Planned gifts encompass a variety of charitable giving methods that allow donors to integrate their charitable, family, financial, and personal goals.  Moreover, planned gifts often provide valuable tax benefits.

When considering all types of real and personal property and tangible and intangible assets, the possible types of planned gifts seem endless.  Therefore, brief descriptions of common planned gifts are provided below.  (Please note that in the descriptions below, the text “Mater Dei” applies to both Mater Dei Catholic High School and the Mater Dei Foundation.)

Still, we encourage donors to contact their financial planner, accountant, or attorney in order to determine both the planned gift that best meets their goals and the associated tax benefits, as tax benefits vary with each type of planned gift.

 

For additional information related to Planned Giving, please contact Amy Wobbe, Mater Dei Foundation Planned Giving Coordinator.

Amy Wobbe, Mater Dei Foundation Planned Giving Coordinator
work: 618.526.7216
cell: 618.978.9091
email: awobbe@materdeiknights.org

 

WHAT TO GIVE

Cash
A donor may choose to donate cash immediately or to designate Mater Dei as a beneficiary of cash through his/her will or living trust.

Life Insurance
A donor may choose to give Mater Dei outright and complete ownership of a life insurance policy or to designate Mater Dei as a beneficiary of an existing or new policy.

Retirement Assets
Retirement assets include retirement plans and accounts such as an IRA, 401(k), or 403(b).  A donor may choose to donate (transfer) funds to Mater Dei immediately or to designate Mater Dei as a beneficiary of the funds.

Stocks
A donor may choose to donate stock to Mater Dei immediately or to designate Mater Dei as a beneficiary of the stock.

Tangible Personal Property
Donations of tangible personal property may include artwork, jewelry, and antiques.  A donor may choose to give Mater Dei outright and complete ownership of tangible personal property or to designate Mater Dei as a beneficiary of tangible personal property through his/her will or living trust.

Real Property
Donations of real property include personal residences, vacations homes, rental property, and farmland.  A donor may choose to give Mater Dei outright and complete ownership of real property or to designate Mater Dei as a beneficiary of real property through his/her will or living trust.

 

HOW TO GIVE

Wills and Living Trust
A donor may designate Mater Dei as a beneficiary of his/her will or living trust by adding a charitable provision to an existing document or including a charitable provision in a new document.  Examples of donations include a specific cash amount or property item, a percentage of the donor’s assets, or the remainder of assets following the distribution of assets to other beneficiaries.

Beneficiary Designations
A donor may designate Mater Dei as a beneficiary of his/her financial accounts, retirement assets, or life insurance by contacting his/her financial institution, retirement plan administration, or life insurance company.

Charitable Gift Annuity
By funding a charitable gift annuity, a donor both supports Mater Dei and enhances his/her financial security.

In general, a donor funds a charitable gift annuity for the benefit of Mater Dei through a donation of cash and/or appreciated stock.  From the annuity, fixed payments are then made to the donor and/or his/her designee for the remainder of the life of the donor and/or his/her designee.  When the annuity ends, the gift portion of the annuity becomes fully available to Mater Dei.

Charitable Remainder Trust
By funding a charitable remainder trust, a donor both supports Mater Dei and retains an interest in his/her property for the benefit of himself/herself or his/her family.

In general, a donation of cash and/or appreciated stock is placed in an irrevocable trust.  From the trust, regular payments are then made to a donor and/or his/her designee for a period of years or the remainder of the life of the donor and/or his/her designee.  A donor may select the payout rate that meets his/her needs (subject to tax regulations), as well as if the trust will make fixed payments (annuity trust) or payments that change with market conditions (unitrust).  When the trust ends, the remaining assets in the trust become fully available to Mater Dei.

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