Ways to make a planned gift

 

Types of Planned Gifts

Bequest

A bequest in your will is the most well-known and commonly-used way to direct a gift from your estate. You can leave Holy Family a specific amount, a specific percentage of your full estate, or your entire estate. A residuary bequest means that you leave Holy Family the remainder of your estate after all other specific bequests are made. Competent counsel should be consulted in these circumstances. Please be sure to advise us if you choose to make this type of gift.

 

Retirement Funds

Qualified retirement plan assets are the most tax-burdened assets you can own.  Many do not realize that if they die with no surviving spouse, these plans could be subject to multiple levels of taxation before distribution.  It can be advantageous to donate these types of assets to charity.  Donor(s) can choose to direct these assets to Holy Family Catholic Schools by simply naming us as the primary beneficiary of all or a portion of your retirement plan or by gifting any remaining plan assets through your will.

 

Life Insurance

If a life insurance policy is no longer needed for its original purpose, you may name Holy Family as one of the beneficiaries or the sole beneficiary of your policy. You may also transfer ownership of a policy to Holy Family. In the case of ownership transfer and/or sole beneficiary status, the policy’s face value is removed from your taxable estate. Also, future premiums paid on the policy by you can be treated as charitable gifts, and if the policy has a cash value, you can take an immediate tax deduction.

 

Charitable Gift Annuities

A charitable gift annuity is a contract between you and Holy Family. The contract states that in exchange for your gift, the school agrees to pay you, and/or another beneficiary, a fixed dollar amount annually for life. You can take a deduction for your gift and part of each annuity payment will be treated as tax-free income.

 

What to Give

There are several types of assets that make great gifts.

  • Stocks and Bonds
  • Real Estate
  • Retirement Assets
  • Cash
  • Insurance

 

Download a Complimentary Wills Planning Guide

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Contact Us

Kari Nickol
Director of 
Institutional Advancement
(563) 582-5456, Ext. 284
knickol@holyfamilydbq.org

Holy Family Catholic Schools

2005 Kane St., Dubuque IA 52001
(563) 582-5456