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The Church of Saint Dominic

One Journey Through Faith and Education

Planned Giving

One way to ensure Saint Dominic’s future vitality is by giving gifts through your estate. Planned giving can also magnify some significant advantages in your tax, retirement and estate planning strategies. For instance, you can obtain an immediate tax deduction for a charitable contribution, and, in most cases, avoid capital gains tax on appreciation. You may also reduce estate taxes.

With many gifts, you or a loved one can receive investment income for life. With some, you can even increase the amount you are now receiving, or you can defer income as part of your retirement plan. You also gain the satisfaction of knowing that you’ve made an enduring contribution to Church of Saint Dominic. Please consult your attorney or financial advisor should you have questions concerning planned giving to Saint Dominic.

Planned gifts include:

• Bequests
Including Saint Dominic in your Will is a simple way to provide important support for the future of the parish and reduce estate taxes. You may choose to provide a percentage of your estate or a specific dollar amount.
• Charitable Gift Annuities
Charitable gift annuities provide fixed income to the donor or to other beneficiaries for life, desirable tax benefits, and a substantial gift to the Church of Saint Dominic at the end of the contract.

 • Charitable Remainder Trusts
A Charitable Remainder Trust offers important tax benefits, allows the donor and/or other beneficiaries to receive lifetime income from the trust, and then transfers the remaining assets in the trust to the Church of Saint Dominic.
• Charitable Lead Trusts
A Charitable Lead Trust provides annual income to the parish during the donor’s lifetime or for a term of years and then transfers the remaining assets to the donor’s heirs, which can be an important estate planning strategy.
• Life Insurance
Gifts of life insurance can create permanent and secure support for the Church of Saint Dominic and generate an income tax deduction for you. If you make the parish the owner of a paid-up policy, you will receive an income tax deduction for the value of the policy. If you name the parish as a beneficiary of the policy (and retain ownership,) you will receive an estate tax deduction for the death benefit paid to the parish