You can support the Sisters of the Presentation through planned gifts. Planned giving is an organized approach to give to charitable organizations that best reflect your values. Each gift’s financial and tax benefits help build the Presentation congregation’s endowment, ensuring the future of our ministry.
Planned gifts allow you to provide meaningful support to congregational members who have been important to your life and the lives of your family. These gifts may reduce your tax burden and benefit your heirs. There are many ways you can benefit from supporting the Sisters of the Presentation.
Life Insurance Policies
A paid-up life insurance policy allows benefactors to make a significant, charitable gift. Or you may wish to name the Sisters of the Presentation as the primary beneficiary, thus making it possible for you to deduct the premium payments as your gift. Consider naming the Sisters of the Presentation as a beneficiary of a new or existing life insurance policy.
Bequests and Wills or Charitable Bequests
A charitable bequest supports the work of the Presentation Sisters after your death. It can be included in your will or it added later by a codicil. A bequest does not affect your current income and may favorably impact estate taxes. By remembering the Sisters of the Presentation in your will, your legacy of generosity continues. Many find it a more comfortable way to leave a generous gift.
Charitable Gift Annuities
Charitable gift annuities allow you to generously gift the Presentation Sisters with fixed annuity payments for life. The payment size depends on your age at the time the charitable gift annuity is established. Partners receive a tax deduction for a portion of the gift. The charitable gift annuity agreement can be easily completed by mail.
A variety of trust instruments exist that can assist you in estate planning, affording you an opportunity to make a significant contribution to the Sisters of the Presentation. For more information about the types and benefits of various charitable trusts, contact the Partners in Mission Office.
Retirement fund benefits are the most expensive asset for family members to inherit. Approximately half of your retirement plan assets can be reduced by taxes upon your death. By naming a charity, such as the Sisters of the Presentation, to receive all or a portion of your company pension plan, IRA Qualified Charitable Distribution (QCD), Simplified Employee Pension (SEP-IRA), 401(k) or Keogh plan, you can offset some of the taxes your loved ones have to pay and preserve more of your estate for the people and organizations that matter the most to you.
When naming the Sisters of the Presentation as beneficiary of a bequest, insurance policy, retirement plan or a trust, please instruct the attorney preparing legal documents that the corporate title for the Sisters of the Presentation is: “Sisters of the Presentation of the Blessed Virgin Mary of Dubuque, Iowa.” The Sisters of the Presentation is a non-profit 501(c)3 organization.
If you have questions or need more information about the various gifting options, please contact the Partners in Mission Office at 563-588-2008 ext. 109 or firstname.lastname@example.org.