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St. Patrick Parish

Methods of Giving Assets to St. Patrick Parish or St. Mary School Foundation Accounts

Type of Gift Form of Gift Amount Benefit to Parish Benefit to You

Outright Gift	Cash Appreciated Stock Real Estate Insurance	Unlimited	Perpetual Income.Promotes mission of parish or school	Income tax deduction No capital gains tax on appreciated gifts
Bequest	Cash Real estate Personal property Percentage of estate Remainder of estate after other obligations have been satisfied	Unlimited	Bequest will generate income for parish or school in perpetuity	Possible estate tax deduction Opportunity to make a difference after you are gone
Charitable Gift Annuities	Cash Appreciated Stock	$5,000 minimum	Upon the death of donor(s), remaining assets generate earnings in perpetuity	Guaranteed payments for life Great rates starting at 7% and going to 12% Portion of income is tax free Immediate income tax deduction Possible reduction of estate taxes
Insurance Policies	Name parish as policy owner or beneficiary	Unlimited	Parish Foundation Account receives full face value of policy upon death of donor, or may receive current surrender value prior to donor’s death	Opportunity to make substantial future gift to parish or school at current manageable cost Income tax deduction for value of the policy when transferred Premium payments deductible
Charitable Remainder Trusts	Cash Appreciated stock Real Estate	Usually $100,000 minimum	Parish Foundation Account receives substantial future gift	Variable or fixed income Deferred income if desired Income tax deduction Potential reduction of income taxes
Charitable Lead Trusts	Cash Appreciated Stock Real Estate	Usually $100,000 or more	Income for duration of trust helps promote parish mission	At the end of the trust period, principal returns to the donor or heirs Income tax deduction Principal can pass to others with little or no erosion Possible estate tax deduction
Retirement Plan/IRA	Name parish foundation account as beneficiary of death benefit	Unlimited	Significant gift upon death of donor	Opportunity to make a large gift Estate and income tax savings may cover a substantial portion of the gift
Tax-free IRA contributions	In Aug., 2006, President Bush signed into law the Pension Protection Act.	$100,000 per year. Donor must be at least 70-1/2	Income helps promote parish and/or school mission	All charitable distributions count toward required minimum distributions Distribution generates netither taxable income nor a tax deduction, so even if a donor does not itemize tax return, they receive the benefit