Planned giving options available to you include:
Gifts of CashThe simplest way to advance the Claretian mission is to make an outright gift of cash. Gifts of cash also provide the most immediate tax deductions. Although tax savings are not the reason friends support the work of the Claretians, they do enable supporters to do more than they might have thought possible.
Memorial Gifts A special family member or friend can be remembered through a memorial gift to the Claretians/National Shrine of St. Jude. The Claretian Planned Giving Office can provide information on how to establish a memorial honoring someone special in your life.
Life Insurance For some people, there comes a time when life insurance no longer holds the financial significance that it once did. With grown children and life changes, such as divorce or death, you may be looking for a way to express your charitable desires. You may wish to consider giving the policy to the Claretians or naming the Claretians as the beneficiary of the policy. You can name the Claretians as the beneficiary of a life insurance policy (or a percentage of the proceeds), just contact the insurance company for the appropriate forms.
Securities Stocks and publicly traded securities are easy to give and offer great tax advantages. The best stocks to use for charitable giving are those that have increased greatly in value, but are producing a low yield. You pay no capital gains tax on this transaction, and you can deduct the full fair market value.
Retirement plan assets
Assets from a retirement plan are usually subjected to both income and estate taxes. As a result, the total taxes due at death on a retirement plan that has not been transferred to a spouse can be approximately 80% of the value of these assets. You may want to consider naming the Claretians as the beneficiary, thereby avoiding taxes.
Bank accounts and CDs
Are you aware that you can name the Claretians as the "payable-on-death beneficiary" of your bank accounts (savings or checking) or on any Certificates of Deposit? You own the assets for your lifetime and have them available for your use. Upon your death, the assets pass directly to the Claretians without going through probate. Visit your bank and request to name a beneficiary on your accounts or certificate of deposit.