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Unrestricted Funds
Bishop's Diocesan Fund
This fund is used as different needs arise in the Church by
investing in newly identified ministries that might not be
funded otherwise.
Planned Giving
The term "planned giving" is commonly used to describe
commitments made by donors to transfer capital assets (including
cash, stock, certificates of deposit, real estate or other
forms of personal property) to a qualified religious, education
or charitable organization. Planned gifts are normally made
from the contributor's accumulated assets as part of an overall
estate plan. Planned gifts can be made in the following ways:
Bequests
Where there's a Will, There's a way... to help Your Church
for more details)
The most common form of planned gift is a bequest provision
in a Will. A gift by Will is one of the easiest and most effective
means of ensuring that your family and friends are fully provided
for by your estate while supporting the important work of
charities. You can stipulate that the Catholic Foundation
of West Michigan receive a specified amount, a percentage
of your estate, or the remainder after all other bequests
are fulfilled. Those who have already executed a Will can
easily amend it through a simple legal device known as a codicil.
Life Income Gifts
Life Income Gifts may be the best solution for donors who
prefer to make gifts of cash, securities or real estate, but
wish to retain income for life (or the life of a designated
beneficiary). These include Charitable Remainder Unitrusts,
Charitable Gift Annuities, Charitable Remainder Annuity Trusts,
Charitable Lead Trusts, Charitable Living Trusts (revocable),
and Pooled Income funds.
Other forms of planned giving can be made in the following
ways
Memorial Gifts
Many individuals and families wish to establish a Memorial
for a spouse, parent, child or other family member. An endowment
account in the Foundation would be a fitting method to remember
a loved one.
Gifts of Insurance: Giving... Life Insurance for
more details
Benefactors may wish to donate a fully paid insurance policy
or purchase a policy to donate to the Foundation. When the
Foundation is made owner and beneficiary of a continuing life
insurance policy, the donor may be able to deduct the "replacement
value" or continuing premium payments on the policy.
Retirement Plan Gifts
The Foundation can assist in creating a tailor-made giving
program structured around a planned or existing retirement
plan.
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