GIFT OPTIONS FOR YOUR CONSIDERATION

Cash Gifts: This is most common method of completing a financial pledge. Your gift to The Roman Catholic Parish of Our Lady of the Snows is tax deductible and may be paid over three to five years.

Gifts of Securities: A gift of appreciated securities is one way to make a significant contribution at a reduced cost to you. Federal tax laws allow a charitable deduction for the full market value of securities on the date of your gift.

Gifts of Real Property: Real property can be given as an outright gift or by bequest.

Life Insurance: There are a number of ways to make a gift of life insurance:

• Absolute Assignment: You may wish to transfer ownership of a policy that has outlived its original purpose to the parish.
• Co-Beneficiary: You may name the parish as co-beneficiary of part of the proceeds of a new or existing policy.
• Contingent Beneficiary: As a contingent beneficiary, the parish would benefit if no primary beneficiary were to survive you.

(Please consult with your tax advisor on the tax treatment of all gifts as they may vary from individual to individual.)

Gift Annuity Agreements: Allow you to make a gift to the parish and receive fixed annual payments for life. You are allowed a tax deduction for a portion of the amount transferred and for a period of years only part of the payments will be taxed as income. The size of payments is based on the age(s) of the recipient(s) at the time of the gift.

Charitable Remainder Annuity Trusts and Unitrusts: Enable you to make a significant gift to the parish during your lifetime and continue to receive income for yourself and/or other beneficiaries. After the life interests have passed, the remaining principal will pass to the parish. In addition to income tax deductions in the year the trust is instituted (with five-year carry-over privileges), donors may avoid capital gains and significantly reduce estate and gift taxes.

Charitable Lead Trusts: Enable the parish to receive interest income for a specified period of time from a principal amount you retain at the end of the trust term.

Bequests: Are simply a provision in your will to leave a gift to The Roman Catholic Parish of Our Lady of the Snows. Charitable bequests are fully deductible from your estate and can significantly reduce your estate taxes on the balance of your estate. Your bequests may be specified as a gift of cash or securities, real estate, or other property. Alternatively, it may take the form of a percentage of your total estate. You may also consider a residuary bequest, which is a gift of all or a portion of your estate after other conditions are met.