Ways to Give

Cash gifts are one of the most common forms of charity that benefit the Union Catholic Foundation. Donors will receive a current year tax deduction for such gifts subject to IRS limitations. To make an online debit or credit card donation, please click here.

A bequest specified in your Will is another means of contributing to the Union Catholic Foundation. Other strategies, for instance, gifting a specific asset such as land, are also open for discussion.

IRA assets are taxed severely, leaving heirs with a small percentage of such assets after estate settlement costs. Naming the Union Catholic Foundation as the beneficiary of your IRA can reduce your taxable estate, thus leaving a greater portion for your heirs. Techniques exist by which your Required Minimum Distributions (RMDs) can be used to pay for future estate taxes on a tax-favored basis.

A gift of stock or other securities saves in two ways: (1) you can avoid capital gains tax on any increased value while (2) receiving a deduction for the full market value of the stock/security at the time you made the gift.

Perhaps you purchased a life insurance policy years ago that you no longer need – or the intended beneficiary is now deceased – or the beneficiary no longer requires these funds. You could assign the policy to the Union Catholic Foundation, making the Foundation both the owner and the beneficiary of the policy. You would receive a tax deduction for the lesser of net premiums paid or the current cash value for the tax year in which the gift is given. Tax advantages aside, gifts of life insurance to the Union Catholic Foundation allow donors to define and leverage a significant gift. Furthermore, the purchase of a new life insurance policy, in which the Union Catholic Foundation is the owner and the beneficiary of a policy on your life, permits you to make a significant future gift with a relatively small tax deductible donation. Donors would receive a current charitable deduction for the tax year in which they donate the premium to the Union Catholic Foundation.

Designed to generate income for the donor and a donation to the Union Catholic Foundation. Use of both Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts (CLTs) can provide a gift to the Foundation while providing income and tax advantages to the donor