Planned giving provides multiple opportunities for donors to support
St. Pius X while also receiving tax and other financial benefits. There
are many options that provide the donor with income payments and also a
charitable deduction. All of these gifts help to ensure a secure future
for St. Pius X.
Life Income Gifts
Each of the following gifts provides you with an income and excellent
tax benefits. In addition, your gift will provide generous support to
St. Pius X.
- Charitable Gift Annuity - A charitable gift annuity
is easy to set up, and it benefits both you and St. Pius X. You
transfer assets to St. Pius X Foundation and you and/or your spouse, or
another beneficiary, receive a fixed income for the remainder of your
lifetime(s). The donated assets can be in the form of cash or
securities. The minimum amount for both a one-life arrangement and
two-life arrangement is $10,000. Gift annuities can also be deferred for
an agreed upon number of years. The longer the gift annuity is
deferred, the higher the annuity rate that can be offered.
- Charitable Remainder Trust - A charitable remainder
trust provides income to you or to other named income beneficiaries for
life, a set number of years, or a combination of the two. The remaining
amount is a gift to St. Pius X. Charitable remainder trusts can offer
variable or fixed income and they can help you avoid capital gains taxes
as well as reduce income and estate taxes.
- Charitable Lead Trust - A charitable lead trust
allows you to designate your heirs as the ultimate beneficiaries while
also providing St. Pius X with income for a term of years. You transfer
assets to St. Pius X or a trustee of your choice and during the term of
years a fixed or variable income is paid to St. Pius X. You choose the
designated purpose of this gift. At the end of the term, the assets are
then transferred to your heirs. The charitable lead trust allows this
transfer of assets to your heirs to take place at a reduced gift and
estate tax cost. Charitable Lead Trusts are typically advantageous for
individuals with a high net-worth.
Bequests are a simple way to support St. Pius X and to help provide
for its future. Bequests to St. Pius X may be unrestricted or designated
for a particular purpose. Please email Jennifer Maldonado '91 or call at (505)831-8437 or specific bequest language for your will.
Retirement Plan Gifts
Retirement plan gifts are another easy way to support St. Pius X, and
they are a great asset to give to a charity. Retirement plan assets
are often taxed at extremely high rates, upwards of 50 percent.
Therefore, it makes more sense to pass assets along to heirs that are
taxed at lower rates and donate retirement plan assets to St. Pius X.
Simply name St. Pius X as the beneficiary of your 401 (k), 403(b) or
Life Insurance Gifts
Gifts of Life insurance are a good way to make a gift to St. Pius X
without incurring a large expense. You can donate either a paid-up
policy or a policy where you are still making the premium payments. In
both cases you may qualify for a charitable deduction.
Gifts of Real Estate
A gift of real estate to St. Pius X is a unique way to support the
school while also achieving a possible avoidance of capital gains tax
and receiving a charitable income tax deduction. Also, the value of the
real estate is taken out of your taxable estate. Real estate can be
given to St. Pius X through different means including bequeathing the
property, giving the property outright, transferring the property into a
charitable remainder trust, or establishing a retained life estate. A
retained life estate is established when you give your residence or
vacation property to St. Pius X but reserve the use of the property for
your life and/or the life of another beneficiary.
Sartan Legacy Society
The Sartan Legacy Society is a special recognition bestowed upon
those individuals who name St. Pius as a beneficiary in their wills,
estate plans, through deferred gifts such as trusts and annuities or by
establishing an endowment. Sartan Legacy Society members are invited to
the annual SPX Society reception each spring.
If you are interested in being a member of the Sartan Legacy Society or to learn more about planned giving options, please email Jennifer Maldonado '91, Alumni Relations and Planned Giving Manager or call (505) 831-8437.