Bequests
A charitable bequest is one of the simplest ways that you can leave a gift to the Diocese of Memphis, your Parish or Catholic school that will make a lasting impact. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to the Diocese of Memphis or your Parish or Catholic school as part of your estate plan, or you can make a bequest using a beneficiary designation form. Click here for sample bequest language. Sample Bequest Language – Catholic Diocese of Memphis (cdom.org)
Gift Annuities
A charitable gift annuity is a simple contract. You make a gift to Catholic Gift Annuity, and in return, you receive fixed payments for life. At your death, the remaining balance of the gift annuity is distributed to the Catholic organization(s) you designated. For more information on gift annuities, check out Catholic Gift Annuities | Catholic Extension (catholicgiftannuity.org)
IRA Qualified Charitable Contribution
If you are 70½ years or older you may make a Qualified Charitable Distribution (QCD) from your IRA to your parish, school or other church ministry without paying federal income tax. The funds transferred will count toward your required minimum distribution. Transferred funds do not qualify for a charitable deduction but are not counted as taxable income. Your disbursement must come directly from the administrator of your IRA to the diocese. You cannot receive the funds first.
Donor-Advised Charitable Funds
A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to the Catholic Diocese of Memphis and other qualified Catholic organizations or charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.
A gift of appreciated stock is an easy way to make a significant contribution at a reduced cost to you. When you donate stock to charity, you’ll generally take a tax deduction for the full fair market value. For procedures on donating stock to the Diocese of Memphis please read and fill out the form here – Stock Donation Procedures
Other Ways to Give
There are many other ways to leave a legacy gift to the Catholic Diocese of Memphis by donating real estate, tangible personal property, through charitable trusts, outright gift of life insurance, and more.
For more information on Planned Giving and other ways to give, please contact:
Allison Thron
Assistant Director of Development
901-373-1220
allison.thron@cc.cdom.org
Disclaimer
The material presented on this Planned Giving website is not offered as legal or tax advice.
Neither the author, the publisher, nor the Catholic Diocese of Memphis or your parish is engaged in legal or tax advisory service. For advice or assistance in specific cases or whether to make certain a contemplated gift fits well into your overall circumstances and planning, the services of an attorney or other professional advisor should be obtained.
The purpose of this website is to provide general gift, estate, and financial planning information. Watch for tax revisions. State laws govern wills, trusts, and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts.
We do not collect or store any sensitive information through this website. When you send us an e-mail, just remember that like any other e-mail it is not secure, and therefore you should refrain from sending sensitive data such as social security numbers, credit card numbers, bank routing numbers, and the like.
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