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About
Planned Giving
Ideally, Christian stewardship impacts all
phases of our life including our plans for the use of our
worldly goods and resources after our death. Planned gifts
are extraordinary gifts unlike normal Sunday contributions,
capital campaign programs, and special fundraising events.
Planned gifts usually involve gifts of assets rather than
checks or cash. Some call it our Stewardship of Assets. Planned
giving can offer many benefits:
- It continues the generosity one has shown
through life.
- The donor gains a charitable tax deduction
now - even for future gifts.
- It can help a donor reduce or avoid capital
gains tax.
- It can lower estate taxes.
- It can protect and potentially increase
the size of one's estate for one's heirs
- It could increase one's existing income.
- Finally, it can help one recognize the
dream of making the largest contribution of a lifetime,
giving a gift that has major impact on a favorite charity.
Types of Planned Gifts
- Wills and Bequests
- Charitable Gift Annuities
- Life Insurance
- Trust Agreements
All planned gifts and endowments are restricted
All endowments and planned gifts are secured
in the Catholic Foundation of West Michigan. Each endowment
and planned gift has a written agreement that restricts the
funds for a specific usage (parish, schools, ministries, diocesan,
etc.), and thereby cannot and will not be used for any other
purpose.
For more information on the planned giving
of assets, please contact:
Dave Baerwalde, Director
Catholic Foundation of West Michigan
660 Burton St., SE
Grand Rapids, MI 49507
Telephone: 616-243-0491
Email: dbaerwalde@dioceseofgrandrapids.org
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