Types of Planned Giving:
Gifts of Cash
A gift of cash can be one of the most convenient ways to make a
planned gift. Cash contributions are deductible as an itemized tax
deduction in the year you make the donation, up to 50 percent of your
adjusted gross income. Any excess contribution may be carried forward
for up to 5 additional years.
Gifts of Securities
Establish a planned gift with stocks, mutual funds or bonds that
have increased greatly in value, especially those securities producing
a low yield. Using gifts of securities can help you avoid capital gains
taxes, but it is critical that you transfer the physical securities to Our Lady
of the Valley Parish rather the proceeds from a sale.
A charitable bequest is made through a will or trust. This gift can
include cash, securities, real estate, and tangible personal property
such as jewelry or art, or a percentage of your estate.
Charitable Gift Annuities
A charitable gift annuity is an irrevocable gift
arrangement between you and the Our Lady of the Valley Parish in which you receive a
guaranteed fixed income for life, and/or the life of another
beneficiary. Gift annuities can be established with either cash or
securities. The guaranteed interest rate is based entirely upon your
age and/or the age of an additional beneficiary.
Deferred Gift Annuity
This gift arrangement allows you to defer your annuity income
payment for one or more years. An older donor may establish a deferred
gift annuity for a younger beneficiary, but the payments must be
deferred until the beneficiary reaches age 60. Donors less than 60
years of age may establish a deferred gift annuity. If the donor is to
be the recipient of the income payments, those payments may not begin
until age 60.
You can simply name Our Lady of the Valley Parish as the beneficiary of a policy you
already own or you can establish a new policy and name Our Lady of the Valley as
the owner and beneficiary. Or, you can donate an existing fully paid life
insurance policy to Our Lady of the Valley.
Charitable Remainder Trust
This deferred gift enables you to simultaneously make a generous
charitable gift, generate income for yourself or your family, receive a
tax deduction and remove taxable assets from your estate. The two types
of this trust are the Charitable Remainder Annuity Trust and the
Charitable Remainder Unitrust.
Charitable Lead Trust
A Charitable Lead Trust is often described as the opposite of a
Charitable Remainder Trust. This gift provides income to the Our Lady of
the Valley for a
number of years or for a lifetime. At the end of the trust’s term, the
remaining principal of the trust is returned to your estate or to other
For more information and assistance in planning your gift
to Our Lady of the Valley Parish, please contact our Pastor, Rev. Douglas McGonagle: firstname.lastname@example.org tel. (413) 527- 9778 x15