Many ways to give

 

 

Cash Gifts

Outright cash gifts are the most common form of giving, such as through the Catholic Ministries Appeal.  Your gift becomes immediately available to support important programs and services. The donor will be credited with the full amount of his or her gift - which may be tax deductible.

 

 

Bequests

Your will is a meaningful way to make a charitable gift of lasting value. Through a bequest provision, you can designate a specific amount of money, a percentage of your estate, or the remainder of your estate after other bequests are satisfied.  Adding a codicil to an existing will is a simple process that begins by making your intentions known to your attorney.

 

Memorial and Tribute Giving

Gifts in memory of deceased friends and loved ones – or gifts that honor living individuals – are gratefully accepted.  Such contributions are often used to reflect the special interests of the person honored.  Any gift may be designated in memory of, or in honor of, a loved one.

 

 

Gifts of Appreciated Securities

If you own long-term securities that have appreciated in value, you may prefer to contribute securities rather than cash.  In this way, there may be both capital gains and tax deduction benefits. Please contact the Office of Stewardship and Communications for the proper form and specific stock transfer instructions.

 

Charitable Gift Annuities

A charitable gift annuity is a simple life income agreement between a donor and the diocese.  In exchange for your gift, designated to Catholic Schools, you receive fixed payments for your lifetime and/or the lifetime of another person. You may be entitled to a partial tax deduction in the year of the gift, and a portion of each payment may be tax-free for a period of years as well. The size of the payments is based on the amount of the gift and the annuitant’s age.  Gift annuity plans start at $10,000, and are restricted to donors 65 years or older.

 

Charitable Remainder Trusts

Charitable trusts can result in significant support for the work of the Diocese, while also securing your financial future and reducing taxes for you and your heirs.  Through a charitable remainder trust, you can provide income for yourself or a loved one and benefit the work of the Church.  You specify the amount of payments to be distributed (at least 5% per year), to which payments are to be paid, the duration of payments (a period of years or the beneficiary’s lifetime) and the Diocese will receive the remainder.  The trust may be set up for the lives of the beneficiaries or for a term of up to 20 years.

 

Gifts of Life Insurance

Life insurance may be an especially attractive gift vehicle if you own a policy that is no longer needed for its original purpose.  In addition, those who qualify for low-cost premiums may find it more affordable and convenient to plan a significant gift using life insurance.  By naming the Diocese of Rochester as the owner and beneficiary of a life insurance policy, the donor may be entitled to an immediate tax deduction for the accumulated cash value of the policy (if any) and a future deduction for any subsequent premiums he or she pays.

 

Gifts of Real Estate

Real property gifts will be accepted at the discretion of the Diocese after a review of all relevant factors. Because of the complexities and issues involved with real property gifts, the Diocese has adopted a set of procedures. Please contact the Office of Stewardship and Communications at 585-328-3210 or email Stewardship@dor.org for more information.