St. Noel Church -- St. Noel Endowment Fund


	St. Noel Endowment Fund

Types of Legacy Gifts

The following chart offers an explanation of the gifts that can be made to the St. Noel Endowment Fund and how they will benefit both you and St. Noel.

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.

Tools for Making a Gift to the St. Noel Endowment Fund

1. Bequest Language

Here is a sample bequest provision which can be used by your attorney in drafting your will:

�I/we give to St. Noel Endowment Fund, Inc., 35200 Chardon Road, Willoughby Hills, Ohio� 44094, Tax Identification number 34-1835485, the sum of $______ or _____% of my residuary estate.

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

For more information on making a gift to the St. Noel Endowment Fund contact the Parish office at (440) 946-0887 and ask to have someone representing the Endowment contact you.

If you have questions concerning any information contained on the Saint Noel Parish Web site, contact us. Our staff will answer your questions or forward you to the appropriate individual or group.