Maximize Your Gift

This page illustrates some of the ways one can maximize a gift through pledges, employer matching or increasing and advancing personal and estate planning interests. It is intended to provide simple examples of complicated transactions as Catholic Charities does not provide tax advice. Donors should consult with their own financial and tax advisers before finalizing a gift.

For more information about how you can benefit the work of Catholic Charities,
contact Elisabeth Walker at (502)637-9786 or ewalker@archlou.org

You may extend your gift over a three- to five-year period. Gifts are deductible in the year a payment is made.

You should check with your employer to take advantage of matching programs offered by many employers. A matching gift leverages a donor’s gift to a higher level.

A gift of marketable securities, which are otherwise subject to long-term capital gains, is often advantageous. Avoid payment of capital gains tax on the increase in the value of the stock. Receive deduction for full fair market value of the stock at the time of the gift, subject to limitations.

You receive a deduction for your basis in the gift. Catholic Charities then converts the property to cash. For gifts wherein the donor wishes to claim a value greater than $5,000, an independent appraisal must be conducted to determine fair market value of the property donated.

Place assets in Trust and retain right to Trust income. At the end of the Trust, remainder goes to Catholic Charities. Tax deduction will depend upon value passing to Catholic Charities. The advantages of life income trusts, is that there is flexibility in type of property that can be donated and it can provide a fixed amount of income (Charitable Remainder Annuity Trust) or a variable level of income (Charitable Remainder Unitrust).

Assets are placed in Trust and Catholic Charities receives income for a period of time and then the assets return to donor or other beneficiary at end of designated period. With a charitable lead trust, a donor can fulfill a gift pledge while reducing estate and gift taxes which might otherwise be due on assets passing to heirs.

If you have life insurance that your heirs do not need, make Catholic Charities the beneficiary of the policy. The policy proceeds are then deductible for your estate tax purposes. You may also receive a current income tax deduction for premiums paid by making Catholic Charities the owner of a policy.

Bequest of a dollar amount, particular securities or other property. Residual bequest of all or portion of estate after payment of specific amounts to other beneficiaries. Contingent bequest to take effect if beneficiaries die before the testator. A bequest can often be arranged simply with the addition of a codicil amending an existing will.

Consider naming Catholic Charities the beneficiary of your qualified benefit plan, thereby avoiding both the income and estate tax which would otherwise be payable on these benefit plans.