What kind of legacy will you be remembered by? Have you been thinking about leaving a legacy that will convey your most important values?
A gift through your estate ensures that your commitment to helping the poor and vulnerable will continue beyond your lifetime, having a lasting impact.
There are ways for donors of all income levels to leave a legacy.
Your will or trust is your final statement about what you believe to be important and worthwhile. Including a gift in your will or trust is the most common method used to leave a legacy and is very simple. You can designate a specific dollar amount, or specific property such as your residence, or a percentage of your estate or a portion or all of the residuary of your estate.
If you already have a will, you don’t need to start over. You can amend your will with a simple codicil. You can also amend your trust.
A bequest affords you great flexibility. If your circumstances change, you can make adjustments to your will (or living trust) at any time.
Your attorney will need to know our legal name:
Catholic Charities of Southern Missouri, Inc.
424 E. Monastery St.
Springfield, MO 65807
A charitable gift annuity – often referred to as a “life income gift” – is a legal contract that provides you with a guaranteed yearly income for life in return for a gift of cash or securities. There are tax benefits and the rate of return is very favorable. Upon the death of the donor, or that of the last surviving beneficiary, the remainder of the original gift passes to Catholic Charities for its charitable purposes. It’s a win-win for both Catholic Charities and the donor!
A charitable gift annuity can be funded with a minimum contribution of $10,000 in cash or marketable securities. To receive a personalized illustration or more information, please contact Maureen Jersak, (417) 720-4213, email@example.com.
These are very easy gifts to set up, without having to employ an attorney. Simply contact your plan administrator or insurance agent to obtain a beneficiary designation form. You may designate that Catholic Charities of Southern Missouri receive all or a portion of these assets. Beneficiary designations provide flexibility. They are revocable (which means they can be updated if your circumstances change) and these gifts pass outside of the probate process.
There are several types of charitable trusts that you can create to support the programs of CCSOMO and you. A charitable trust is an attractive way to sell a highly appreciated asset tax free, and reinvest it to provide you with a lifetime of income.
Note: We encourage you to contact your professional legal and/or financial advisors to determine which gift arrangement meets your needs.