Do you want to make an impact on poor Catholic faith communities in the most remote regions of our country, but don’t think that you have the money to make a gift? There are many options that will not affect your current lifestyle or your family’s security. By including Catholic Extension in your will or trust, or by beneficiary designation, you are able to make a tremendous impact on America’s poorest faith communities for years to come.
Once your loved ones are provided for, it’s easy to answer God’s call to bring good news to the poorest among us. You can always change your gift at any time and for any reason.
Please let us know if you have included a gift for Catholic Extension in your will or trust, or by beneficiary designation. Providing us with documentation is the best way to ensure that your gift is used in the way you intend.
Gifts in a Will or Trust
A gift in your will or trust is easy to set up, and can be changed at any time and for any reason. This type of gift enables you to support our mission and make a difference in the faith lives of future generations without affecting your current lifestyle or your family’s security.
Here are the ways many supporters choose to leave a gift for Catholic Extension:
- Residual (or Remainder) Bequest: Catholic Extension receives all or a percentage of the remainder of your estate after other bequests, debts, and taxes have been paid.
- Specific Bequest: Catholic Extension receives a specific dollar amount or stated fraction of your estate.
Gifts by Beneficiary Designation
Leaving a gift by beneficiary designation from your retirement account, insurance policy, or other account can be one of the easiest ways to support Catholic Extension now and for years to come. Simply contact the company managing your account and submit a completed beneficiary designation form.
Many supporters choose to name Catholic Extension as a beneficiary of an IRA or other retirement account to reduce taxes while supporting poor Catholic communities across the country.
Benefits to you:
- 100% of your gift will support our mission. A gift to Catholic Extension is free from federal estate and income tax.
- Costs you nothing.
- Easy to set up and revocable.
- Continue taking withdrawals during your lifetime.
To name Catholic Extension as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.
CDs, bank accounts, brokerage accounts, and commercial annuities
One of the easiest ways to leave a planned gift is to name Catholic Extension as the beneficiary of a certificate of deposit, a checking or savings account, brokerage account or commercial annuity. You will need to contact your plan’s administrator or your bank and ask to complete their beneficiary designation form.
The information presented is not intended as legal, tax, or other professional advice. For assistance in charitable estate planning, please consult an attorney for legal advice or the services of a qualified professional.