|
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 will help the church in perpetuity
|
Federal
and State Estate 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 your choosing will receive fixed payments
for life
|
Assets
not used to pay the annuity income to the donor, benefit
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 helps in advanced
planning.
|
|
Retirement
Plan or
IRA
|
Control
of the assets remains with donor throughout their lifetime
|
The
growth in the fund increases the value of the gift to
St. Noel
|
Estate
and Income Tax deduction may 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 Appreciated Stocks or Bonds
· Your
broker may use the following DTC numbers to transfer stocks
to the St. Noel Endowment Fund Inc. z99042196
·
You may 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 must complete separate form which can
be obtained from the Parish office and send it along with
the completed Stock Power form (listed above) in SEPARATE
ENVELOPES (Gift Form with the Stock Certificates (Stock
Power form under separate cover).
·
NOTE: Do Not Sell APPRECIATED stock(s) and then give the proceeds to St. Noel
- YOU WILL LOSE THE TAX DEDUCTIBILITY OF THE
GIFT
However, if the stock has DECLINED in value, sell it, claim the capital loss, and donate the proceeds to St. Noel. Please check with your financial planner before making any changes or sales.
