WAYS TO GIVE

Finding Unique Opportunities

SO MANY WAYS TO GIVE

For years, The Catholic Foundation of Southern Nebraska has been working with individuals, couples and families who want to personally make a difference in the lives of others by being charitable. We offer professional guidance and consultation at no cost. Our goal is to provide a better tomorrow for parishes, schools, and other agencies, through better financial planning.

We’re here to help you discover the best gift options to meet your goals, from gifts that provides tax benefits to ones that establish life income. The following is a quick overview of some of the planned giving options available through our Foundation.

Donor Advised Funds (DAF)

These are popular because they put you in charge. When you make a charitable contribution of assets, the funds are invested and grow tax-free. Then at your request, we distribute the funds to the charity(ies) of your choice.

Benefits:

  • Make multiple gifts from one central fund, managed by The Foundation
  • Receive one gift acknowledgement rather than many
  • Eligible for a tax deduction
  • Make additional donations to the DAF anytime

For more information about Donor Advised funds, click here to view or download our fact sheet.

For a personalized plan or more information call us at  402-488-2142.

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Gift Annuity

This is the contribution that pays you. You receive income from your charitable gift for life, at a higher rate of return than CDs and many other fixed income investments. Plus, part of your income is tax-free.  Also, an added benefit unique to the Catholic Foundation is that a gift is given immediately to your charity(ies) instead of at death.

Benefits:

  • Nearly any asset or cash can be used to fund a gift annuity
  • Guaranteed lifetime income for you and/or your spouse
  • Charitable tax deduction
  • Part of your income is tax free
  • Immediate proportional gift to the charity(ies) from your annuity

For a personalized plan or more information call us at  402-488-2142.

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Charitable Life Estate

Did you know you can gift your home to your parish and continue living in it until you and/or your spouse pass away? Plus, you’ll receive a charitable deduction now for gifting your home or farm.

Benefits:

  • Receive the satisfaction of making a substantial and meaningful contribution to charity with a gift of real property rather than cash
  • Donate a property of value, such as a residence, vacation home, or farmland
  • Receive a tax deduction now, and eliminate estate taxes later
  • Use your tax deduction for up to six years
  • Continue to live or work on the property or land just as you are now, or you can rent, sell, or develop it
  • The charity can use the gifted property for a purpose you direct
  • Spare your family the hassle of selling the real estate after your death
  • Avoid capital gains tax on an appreciated property

For more information about Charitable Life Estates, click here to view or download our fact sheet.

For a personalized plan or more information call us at  402-488-2142.

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Testimentary Charitable Trust

Established now, this trust funded at your or your spouse’s death could save your estate and your heir’s taxes. At the end of the trust period the remainder is distributed to your charity(ies) of choice.

Benefits:

  • Funding this trust with a traditional IRA would be the most beneficial to your heirs
  • Your children could receive income for up to twenty years
  • You may fund this trust with any asset
  • Limit potential income and estate taxes
  • Choose the percentage of annual income your heirs will receive between 5 - 50%
  • Choose a trusted person to serve as the trustee

For a personalized plan or more information call us at  402-488-2142.

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Charitable Trust to Fund Retirement

Avoid losing money to income tax on the sale of depreciated assets, or to capital gains tax on the sale of appreciated assets by placing the asset into a charitable trust. The trust sells the asset and pays you an income for a  period of years. The remainder is then distributed to your charity(ies) of choice.

Benefits:

  • Fund this trust with cash, a business, stocks, grain, appreciated or depreciated assets
  • Limit potential income and estate taxes
  • Choose the percentage of annual income and period of years for the trust
  • Choose a trusted person to serve as the trustee or you can serve as trustee

For a personalized plan or more information call us at  402-488-2142.

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Estate Plan

Many people want to give to charity but feel unable to donate assets during their lifetime because of living expenses or rising health care costs. You may benefit from donating property through your estate by including a bequest in your will or trust.

Benefits:

  • Can be done at your attorneys while completing a will
  • Limit potential income and estate taxes
  • This does not affect your life style
  • Easy to change according to asset accumulation

For a personalized plan or more information call us at  402-488-2142.

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Endowment

Endowments provide a way to leave an ongoing legacy. Endowments are funds in which up to 5% of the earnings are distributed annually while protecting the principal of your gift. You can fund the endowment now, or later from your estate. Once established the earnings support any non-profit entity(ies) you choose indefinitely.

Benefits:

  • The Catholic Foundation manages the fund and distributes ongoing income to your selected beneficiary organization
  • Creating an endowed fund gives you an opportunity to give the fund a name that is meaningful to you, or honor another person in memory or tribute
  • To encourage additional support and funding, the Foundation raises awareness of the endowments we manage through our website, materials, seminars, events, and a legacy society

For more information about Endowment funds, click here to view or download our fact sheet.

For a personalized plan or more information call us at  402-488-2142.

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Qualified Charitable Distributions (QCD)

If you are over age 70 1/2 or older, the Federal government permits you to donate money directly from your IRA to a qualifying charitable organization without claiming increase income or paying additional tax. The tax-free QCDs can be for any amount up to $100,000 in one year.

Benefits:

  • You can fulfill your required minimum distribution (RMD)
  • Avoid paying income tax on the distribution and provide a major gift to charity(ies)
  • Each individual in a married couple can donate up to $100,000 from individual IRA accounts
  • We work directly with your investment broker to complete the gift

For more information about IRA Charitable Rollover's, click here to view or download our fact sheet.

For a personalized plan or more information call us at  402-488-2142.

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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to charity. If you have a life insurance policy that has outlasted its original purpose, consider giving it to your favorite charity. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Benefits:

  • Ability to leave a larger gift
  • Receive a charitable income tax deduction
  • Gift all or a portion of the policy death benefit to charity using a change of beneficiary form
  • Gift the policy to charity and receive charitable deductions for future premium payments as well as cash value

For a personalized plan or more information call us at  402-488-2142.

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Contact us

If you have any questions about these types of gifts and more, please contact us. Our staff is available to help you make the right decision for you and your family.

Contact your tax advisor, as individual situations may vary.