Gifts for every "occasion"
Gifts
made in honor of family, and friends at times such
as Mother's Day or Father's Day; at the birth of a
child or grandchild, or on a birthday, wedding, anniversary,
or other notable occasion can be gifts of love that
show how much you care.
Consider
the possibilities
Take
a few moments to think about the best ways to make
your gifts in honor of others.
1. Adopt-a-student: You
could give the gift of a Catholic Education to a child
in need. This could be done on a yearly, monthly or
even weekly basis. It currently costs $4,500.00 a year
to educate one child. What a wonderful legacy this
would be for you or your family!
2. Gifts
of cash: Gifts
of cash and by check are the most popular methods
of memorial giving. Such gifts are convenient and
can be tax deductible.
3. Other
property: Memorial gifts may also be funded
with assets such as stocks, bonds, and mutual funds
that have increased in value. You not only receive
regular tax savings, but you entirely avoid the capital
gains tax on qualified assets given for charitable
use. This extra tax benefit is one reason why a growing
number of people choose to make memorial gifts using
property other than cash.
4. Leave
a legacy: Many discover that their long-range
estate and financial plans provide a thoughtful way
to make memorial gifts in honor of others.
5. A
Living legacy: Consider the following ways
to leave legacy in memory of a special friend or
loved one.
- A
gift included in your will or living trust can establish
a lasting legacy.
- a
gift of excess retirement funds, such as pensions
plans or individual Retirement Accounts (IRAs), may
allow you to give more, while eliminating taxes that
may otherwise largely deplete these assets.
- Gifts
of life insurance that has fulfilled to its original
purpose may offer excellent tax benefits. Policies
that you purchased to protect a loved one who no
longer needs that protection can be an excellent
way to make a gift in honor of the person.
- Gifts
that provide an income can be a tax-effective way
to provide you and/or someone else you designate
with regular payments for life or other period of
time. Check
with us or your advisor for more information.
Gifts
made in any of these ways will serve to honor special
loved ones. |