There are many giving options available to donors to the
St. Wendelin Schools Educational Foundation. By carefully
planning your gift, you can enjoy the satisfaction of
giving during your lifetime and receive substantial tax
savings. Planning your gift may also enable you to make
a larger gift than you might otherwise be able to make.
The Diocese of Toledo has established a program entitled
"Faith in the Future: Making a Planned Gift,"
to assist in creating an awareness of the benefits of
planned giving.. A part of this effort is the Faith
in the Future Society, which registers and recognizes
those who have remembered St. Wendelin in their estate
plans. Thirty-four thoughtful donors have informed us of their
estate plans including St. Wendelin Parish and/or Schools.
If you have included St. Wendelin in your estate plans
and would consider membership in the Faith in the Future
Society, please contact Mary Anne Nopper in the Development
Office (419-435-8144).
CHARITABLE GIFT ANNUITY
A Charitable Gift Annuity is a
planned giving vehicle offered through the Diocese of
Toledo, through which the Diocese will pay you a
guaranteed fixed income for life in return for your
charitable gift to St. Wendelin Parish or to St. Wendelin
Schools. The annuity can be set up over a period of one
or two lifetimes – one of which is the donor’s – at a
percentage rate established at the start. Because the
agreement is between the donor and the diocese, the
diocese is responsible for maintaining the annuity
payments.
The gift annuity is an excellent way
to help the schools and the parish fulfill their mission
to pass on the faith, and ensure a fixed income for life.
Even though a gift annuity is a legal agreement between a
donor and a charitable organization, it is void of the
legal complexities associated with trusts.
The minimum age for participation in
this program is 60 years of age and minimum value for
participation is $10,000. The rate of return you receive
depends on your age at the time of your gift. If you are
married, your spouse can also be guaranteed the same fixed
income for his/her life. Because a charitable gift is
involved, the annuity rates offered by the Diocese will be
lower than those available through commercial annuities
offered by insurance companies and other financial
institutions. You can be assured of receiving the same
annual income from the Diocese on a quarterly basis no
matter what happens to the stock market or interest rates.
For more information on Charitable
Gift Annuities or to obtain appropriate documents, contact
Mary Anne Nopper, St. Wendelin Development Director, at
435-8144.
|
