Planned giving is the process of carefully selecting the best method and asset for making a charitable gift. Such a gift can enable you to take full advantage of the tax laws to accomplish your financial and charitable goals.
Planned gifts to the Regina Foundation (to benefit Regina) can be given on an unrestricted basis or specified to perpetuate Regina‛s programs, activities, scholarships, missions, or other special needs. View sample language for leaving a planned gift to the Regina Foundation to benefit Regina.
Planned gift vehicles include:
Will or Living Trust Provisions
One of the advantages of giving through a will (bequest) is the flexibility it offers. You do not have to entirely rewrite your existing will to be able to remember Regina. A simple amendment to your will (codicil) will allow you to name the Regina Foundation (to benefit Regina) as a beneficiary. Your legal consultant can help you make the change, leaving a legacy of faith.
Four of the most popular bequest forms are:
- A fixed amount of money or a designated property.
- A percentage of the estate.
- A double-purpose bequest allows you to give life income to a relative or other loved one AND to leave a gift to Regina.
- A residual bequest. (Whatever property remains in one’s estate after specific bequests have been fulfilled is known as residue.)
Life Insurance (Beneficiary and/or Ownership Designation)
- Name the Regina Foundation (to benefit Regina) to receive a percentage of your life insurance proceeds. Even a gift of 1% of your overall proceeds or your “rest and residue” can be a generous gift.
- Name the Regina Foundation (to benefit Regina) as first, second, or last beneficiary for part or all of your life insurance.
- Do you have a policy that you no longer need because your life circumstances have changed? You can name the Regina Foundation (to benefit Regina) as the policyholder and make a gift of its annual premium to the Regina Foundation. Upon your death, the Foundation (Regina) will receive the policy’s proceeds.
Charitable trusts and similar gifts provide the donor and/or a beneficiary a lifetime income or income for a designated time with the Foundation (Regina) retaining the remainder.
Real & Personal Property
If you own a personal residence or family farm, and you are unsure what will become of it after your death, you may want to use it in an exceptional way for Catholic education. You can gift your house or farm while you live, then continue to live there the remainder of your life and receive any income earned. The earth is the Lord’s. Your gift of property is a symbolic, as well as practical way to support the work of Regina.
Retirement Plan Beneficiary Designation
It is easy to arrange a gift through your IRA, pension, or profit-sharing plan.
- Adding the Regina Foundation (to benefit Regina) as a final beneficiary of your retirement funds can be as simple as filling out a change-of-address form.
- When you make your next contribution to your IRA ask about naming the Regina Foundation (as a beneficiary for Regina).
Please contact the Regina Foundation (319) 354-5866 or firstname.lastname@example.org with questions or for more information.