Your Catholic Legacy: What to Give

There are many different ways that you can help the Church fulfill its mission with a gift from your assets or from your estate. To learn more about what assets to give to help you achieve the charitable giving goals in your family and benefit the ministries of the Church, please contact us.


Popular Legacy Gifts

Cash

Gifting cash is the simplest way to make a gift to our Church that has an immediate impact. Cash gifts from your estate can be made a number of ways, from your will, trust, or with a payable on death designation on a bank account.   


Stocks and Bonds

Gifting appreciated securities during your lifetime is a simple and tax-advantaged way to make a gift to a charitable organization and avoid capital gains tax. If you are considering a gift to the Church from your estate, remember that stocks, bonds and other marketable securities can also be gifted at death via your will, trust or possibly a transfer on death designation if held in a brokerage account. More information regarding Giving Stock.


Retirement Assets

You are counting on your IRA, 401(k), 403(b) or pension accounts to support you in retirement.  Have you considered what you will do with the retirement assets that remain in these accounts at your death?  We invite you to consider how your parish or a ministry of the Diocese of Cleveland could benefit by being named a beneficiary of your retirement account at your death. Also, if you are 70 ½ and older and taking distributions from your IRA, you might be interested to know how you can make a current gift to help the Church and reduce your taxable income with the Charitable IRA Rollover.


Life Insurance

You may have a life insurance policy that you no longer need.  Do you know that you can name your parish or Catholic Charities as a beneficiary of the policy? You have the option to retain ownership and control of the policy during your lifetime. Or, you might assign ownership of the policy to the Catholic Community Foundation so you benefit from a current charitable deduction, with your parish or another ministry of the Diocese as the ultimate beneficiary.


Real Estate

You may be thinking about gifting your home or another piece of property to the Church. Thank you for considering this! We recommend that you contact us before putting plans in place to make a gift with real estate. We can alert you to some common issues that arise when making a gift of your home through your will.


We encourage you to contact your professional legal and/or financial advisors to determine which gift arrangement meets your needs

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