|
Type
|
Benefits
to the Donor
|
Benefits
to St. Noel
|
Tax
Benefits for Donor
|
Benefits
to the Endowment Fund
|
|
Bequest
by Will
|
Knowledge
that the gift has been prearranged
|
Knowing
that the gift can be invested help the church in perpetuity
|
Federal
and State tax deduction for the amount bequeathed to
St. Noel
|
The
gift will be added to the St. Noel Endowment
|
|
Gift
Annuity
|
You
or someone of you choosing will receive fixed payments
for life
|
Assets
not used to pay the annuity income to the donor benefits
St. Noel
|
A
portion of the gift is tax free and there are possible
income and estate tax deductions
|
A
significant gift comes to St. Noel upon the death of
the participant
|
|
Insurance
Policy
|
An
unneeded policy can be given to St. Noel
|
The
donor need not make additional premium payments
|
The
value of the policy is tax deductible
|
St.
Noel takes ownership
of the policy and upon the death of the insured the
value will be added to the endowment
|
|
Charitable
Remainder Trust
|
Variable
or fixed income for life or deferred income
|
Upon
the death of the donor or last surviving income beneficiary
the remaining assets benefit St. Noel or specific program
|
Income
tax charitable deduction for the part of the assets
placed in trust that are expected to go to St. Noel.
|
A
substantial gift comes to St. Noel when the trust dissolves.
Knowing that the gift is prearranged help in advanced
planning.
|
|
Retirement
Plan or
IRA
|
Control
of the assets remain with donor throughout their lifetime
|
The
growth in the fund increased the value of the gift to
St. Noel
|
Estate
and Income Tax deduction my cover a substantial portion
of the gift
|
The
resulting significant gift can benefit both the church
and the heirs.
|
2.
How to make a gift of Stocks or Bonds
· Your
broker my use the following DTC numbers to transfer stocks
to the St. Noel Endowment Fund Inc. z99042196
·
You may complete print out the attached
STOCK POWER form and complete it and forward it to your
broker.
·
Should you hold the actual hard copy stock
certificates you much complete separate form which can
be obtained from the Parish office and sent it along with
the a completed Stock Power form (listed above) in SEPARATE
ENVELOPS (Gift Form with the Stock Certificates (Stock
Power form under separate cover).
·
NOTE: Do
Not Sell the stock and then give the proceeds to St. Noel
- YOU WILL LOSE THE TAX DEDUCTIBILITY OF THE
GIFT