Have you ever considered what our little corner of the world would be like without the Parish of St. Benedict? One way to ensure the legacy of our community is by making a planned gift that will stay in perpetuity to support the growth and development of our parish well into the future.
Not sure what a planned gift is?
Planned giving may be defined as a method of supporting a favorite charitable organization, like the Parish of St. Benedict, that enables you to make larger gifts than you could usually make from your income. A planned gift is any major gift, made in lifetime or at death as part of your overall financial and/or estate planning.
What are the 3 types of planned gifts?
- First, outright gifts that use appreciated assets as a substitute for cash;
- Second, gifts that return income or other financial benefits to the donor in return for the contribution;
- Third, gifts payable upon your death.
What are the most popular types of planned gifts?
Bequest—You include a provision in your will directing that a gift be paid to St. Benedict after your death or the death of one of your survivors.
Charitable Gift Annuity—You make a gift to St. Benedict and in return, we agree to make fixed payments to you for life. Payments may be made to a maximum of two beneficiaries. At the death of the last beneficiary, the remaining balance of the annuity is used by St. Benedict for the purpose that you specified when you made the gift.
Language for Wills & Estates
For those who wish to include the Parish of St. Benedict in your will or estate, you may simply include the following: “I give ($) (%) of my estate to St. Benedict Roman Catholic Parish Phoenix, 16223 S. 48th Street, Phoenix, AZ 85048 to provide for the ongoing activities of the parish as determined by the Pastor (or for the purpose of ___________.) Tax Id #35-2350484.”