As members of the body of Christ we are given an important mission: how do we create a Catholic Legacy and pass on the faith to the next generation? Foremost is evangelization – knowing our faith well and sharing it with others. A legacy
gift that helps preserve and expand our ministries for the next generation of Catholics provides another great opportunity to pass on the faith. When carried out with discernment, these gifts become an expression of our deepest values and stewardship.
Prayerfully consider this kind of extraordinary gift for our Parish.
What is a legacy gift?
A legacy gift is a form of charitable gift given to our Parish in the context of your estate planning. During the process
of planning for the disposition of your total accumulated assets, a legacy gift is usually included in a written statement as part of your overall intentions.
How can I make a legacy gift to support our Parish?
Legacy gifts take
many forms. Here are some of the most common gifts that people choose:
Gift from a Will or Trust
A bequest is one of the easiest gifts you can make to significantly impact the organizations that mean the most
to you. A bequest could be a gift of specific assets (such as real estate), a dollar amount ($100, $1,000 or $10,000), or a percentage of your estate (3%, 10% or even 25%). A bequest could also be made from the residue of your estate or what is left after
all gifts have been made to your heirs.
Gift from an IRA
A retirement asset like an IRA account makes an excellent bequest to charity. If the IRA were given to your family, much of the value would
be depleted through estate and income taxes. By designating charity as the beneficiary of part or all of your IRA, the full value of the gift is transferred tax free at your death and your estate receives a charitable deduction. If you wish to leave your IRA
to your spouse, you may also designate charity as the secondary beneficiary of your account.
Gift from an Insurance Policy
If you have an old, unneeded life insurance policy, you can name our Parish as a beneficiary
of your policy. And, you can donate it to our Parish and take an immediate tax deduction. As an asset of your estate, in some cases an insurance policy is taxable at your death. However, if the policy is gifted to charity, your estate avoids paying tax on
the value of the policy and receives a charitable deduction for the gift.
*This information is not intended as tax, legal or financial advice. Consult your personal financial/legal advisor for information specific to
How can I learn more about leaving a legacy for our Parish?
We are pleased to have The Catholic Community Foundation of Santa Clara County
as our Legacy Planning partner.
The Foundation’s mission is to inspire giving and connect donors to Catholic ministries, sustaining the local church for future generations. The Foundation’s professional staff assist donors with simple and
complex legacy gifts to the Catholic Parish, school or Catholic organization of their choice.
Please contact them at 408.995.5219 or firstname.lastname@example.org to start a confidential conversation
about your wishes. You can also visit their website www.cfoscclegacy.org to learn of the many ways you can create a legacy for our Parish.