There are three ways to give life insurance to Catholic Charities: Name us a beneficiary of the policy. Learn More. A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. Catholic Financial life is not licensed in all states. You qualify for a federal income tax charitable deduction when you itemize on your taxes. A beneficiary designation clearly identifies how specific assets will be distributed after your death. - view all Direct Support Professional - Colonie, NY - Jan 7, 2018 A charitable bequest is one or two sentences in your will or living trust that leave to Catholic Charities a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate. Are you looking for an easy and affordable way to provide a financial safety net for your family? *These Benefits are subject to change. You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Term Life Insurance offers a low-cost way to provide life insurance protection to those you love. Gifts of Life Insurance. If you would like to make a difference in someone's life, consider a career at Catholic Charities. You may also donate existing policies that are no longer needed. Catholic Financial Life is sponsoring the "Sunday Reflections," presented by the bishops of the Archdiocese of Milwaukee, to help us through the spiritual dimension of this crisis. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. Catholic Charities Catholic Charities Life Insurance Employees working 20 hours or more per week and are enrolled in the Retirement Plan will also have a life insurance benefit equal to annual salary. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. By making Catholic United Financial Foundation the owner and beneficiary of the charitable life insurance contract, you may be able to take a charitable tax deduction for ongoing premiums paid on the policy. Read More No matter what tomorrow brings, Catholic Financial Life will be there for those you cherish most. Please provide the following information to view the brochure. Figures cited in any examples are for illustrative purposes only. The longer the length of time, the better the potential tax savings to you. A gift of life insurance is one way you can make a major contribution to The Catholic Charities Foundation at a relatively low cost. Permanent life insurance provides coverage throughout your entire lifetime, as long as the premiums are paid. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make additional gifts; each one also qualifies for a tax deduction. Catholic Charities offered the opportunity for development of programs and staff management. It also provides: Products are not available in all states. Donate Other Assets. Term Life Insurance may be right for you! Naming Catholic Charities as the owner or beneficiary of a new or existing life insurance policy; Naming Catholic Charities as a beneficiary of your pension plan, IRA or 401(k) retirement plan; Designating Your Beneficiaries. Donors may also purchase an insurance policy with Catholic Charities as the owner and sole beneficiary. Life Insurance If you have a life insurance policy, consider making Catholic Charities of Corpus Christi, Inc. the beneficiary. An endowed gift can create a new endowment or add to an existing endowment. Make a donation. Gifts of real estate can be made to Catholic Charities outright or transferred to the organization. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes. So my husband added me to his Health Insurance and I get paid a bonus. You may choose to designate Catholic Charities as the beneficiary, or partial beneficiary, of a life insurance policy. Thank you for considering a gift to Catholic Charities of Oregon. There is no income tax benefit with this option, but a possible estate tax benefit. Life insurance benefit amounts are reduced after the age of 70. Matching Gifts No matter what tomorrow brings, Catholic Financial Life will be there for those you cherish most. You contribute to the account, which grows tax-free. Catholic Life Insurance Magazine. If you include Catholic Charities in your plans, please use our legal name and federal tax ID. Upon the insured's death, the death benefit goes to benefit the charities selected by you. Catholic Charities of Fulton & Montgomery Counties is seeking Full-time Residence Counselor a for its 24/7 supervised housing community. In my experience as staff manager, I felt environment could be improved, and work hours staggered to meet community needs. If you include Catholic Charities in your plans, please use our legal name and federal tax ID. You can recommend how much (and how often) you want to distribute money from that fund to Catholic Charities or other charities. Nothing contained herein should be construed as a solicitation for insurance, financial products or annuity products in any state in which Catholic Financial Life is not licensed. Catholic Charities offers Great Benefits! Contact Tara Arras at (202) 772-4395 or tara.arras@cc-dc.org for additional information on life insurance. For such advice, please consult an attorney or tax advisor. Our members share a common bond. If there’s other charities you’re curious about, I recommend checking out the American Life League’s Charity list because they’ve done extensive research to see which charities fund (directly or indirectly) abortions, contraception, embryonic stem cell research and/or don’t support other pro-life teachings. Catholic Financial Life All Rights Reserved, Guaranteed coverage at a fixed monthly cost for a specified period of time, usually 10, 20, or 30 years, Option to convert to a Permanent Life Insurance policy, Coverage for temporary needs e.g. Seek the advice of your financial or legal advisor. A donor advised fund is an account that you set up but which is managed by a nonprofit organization. Please provide the following information to view the materials for planning your estate. 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