The term planned giving is commonly used to describe gifts legally provided for by a donor as part of his/her overall estate plan. Such contributions are generally made in the form of a will, insurance policy, retirement account, or trust.
A planned gift (also called a "deferred gift") is a charitable contribution that takes into account the donor’s personal tax, financial, and estate circumstances and goals. It can be made during the donor’s life or after one's death.
Through a bequest or trust, one would be leaving a “legacy” gift ensuring that DePaul Catholic High School is able to continue to educate and minister to young men and women of the future.
There are many ways you can make a contribution to our DePaul Catholic mission! Some Planned Giving vehicles can be a creative tool for making a gift to DePaul Catholic High School while also maximizing benefits both to you and your loved ones. Check with your trusted Financial Advisors, as they will often know that Planned Giving can offer great tax advantages and may even provide an income flow to you for life. Scholarships, financial aid, operating funds, facilities funds—all are part of the DePaul Advancement Plan, and you can help us continue and strengthen our mission through various strategies of estate planning. Our Advancement Team can be a great resource to begin a meaningful conversation to Planned Giving.
Give a Charitable Bequest
Include a provision in your will or trust for the benefit of DePaul Catholic to ensure that its mission continues for years to come. A bequest is easy to arrange, reduces your taxable estate, and allows you to retain your assets throughout your lifetime. The flexibility of a bequest permits you to designate a specific dollar amount, percentage of your estate, or a parcel of property. If you are considering a bequest to DePaul Catholic, we recommend that you consult a lawyer who specializes in trusts and estates.
Life Insurance
Name DePaul Catholic as the beneficiary of all or part of your life insurance policy or policies. When you designate DePaul as a beneficiary of the policy, you may be eligible for an income-tax charitable deduction. Proceeds from the policy are completely removed from the taxable estate of the donor.
Charitable Remainder Trusts
This is a flexible plan allowing you to receive immediate income tax deduction. Gifts to a Charitable Remainder Trust are usually in the form of appreciated stock or property, the sale of which would incur a capital gains tax. A Charitable Remainder Trust is established when a donor places cash, stock, real estate, or art valued over $100,000 into a trust. The trust pays you or your beneficiaries a percentage based on the value of the assets. The remaining assets pass to DePaul when the trust ends.
Charitable Lead Trusts
A Lead Trust works quite differently than a Charitable Remainder Trust. There is a current tax deduction for the gift based on the parameters of the trust. The benefits include transferring assets to your heirs and maximizing tax savings advantages. You place a gift in a “lead” trust, which makes payments to DePaul Catholic for a specific period of time. When the trust ends, remaining assets go to you or your beneficiaries with reduced tax liabilities. It is particularly effective when donors are in very high income tax circumstances, such as a large severance payment or significant qualified distribution!
Create a Permanent Honor Gift or Memorial
Create a Permanent Honor or Memorial for a loved one by making a gift of $5,000 or more in their honor or memory. The names of those enrolled will be listed each year in the Annual Report.
When you include a provision in your will or trust for the benefit of DePaul Catholic High School, you provide essential resources that will shape the future of the school and ensure its excellence for generations to come. If one of these strategies seems right for you, contact the Advancement Office or reach out by email at advancement@dpchs.org, attention Roger DeBonis, Development Officer.
