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. You can take out a new policy and irrevocably name Catholic Charities as the owner and the beneficiary of the insurance contract. Learn More. 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. The value of life insurance is equal to two times an employee's current salary rounded up to the next thousand. Seek the advice of your financial or legal advisor. For such advice, please consult an attorney or tax advisor. Donate Other Assets. Gifts of life insurance can be made to the Annual Appeal. References to tax rates include federal taxes only and are subject to change. If you include Catholic Charities in your plans, please use our legal name and federal tax ID. There are three ways to give life insurance to Catholic Charities: Name us a beneficiary of the policy. Please include an '@' in the email address. Thank you for considering a gift to Catholic Charities of Oregon. Catholic Charities believes that equal opportunities for all applicants and employees is important for the success of the organization. Legal Name: Catholic Charities Address: 924 G Street NW, Washington, DC 20001 Federal Tax ID Number: Please contact us for our federal tax ID number. Catholic Charities is pleased to offer a rich benefits package with flexibility that meets the needs of each staff member and their family, including*: • Health and dental benefits • Free life insurance, along with optional supplementary life insurance • Short and long-term disability The Roman Catholic Archdiocese of Ottawa was erected as the Diocese of Bytown in 1847 and raised to the status of Archdiocese of Ottawa in 1886. To make us a full or partial beneficiary of your IRA, 401(K), annuity, or life insurance policy, simply request a beneficiary designation form from your plan administrator. Box 659527 San Antonio, Texas 78265-9527 Life insurance Catholic Charities provides life insurance and pensions for all full time employees. Donors may also purchase an insurance policy with Catholic Charities as the owner and sole beneficiary. There are three ways to give life insurance to Catholic Charities, Diocese of Trenton: Name us a beneficiary of the policy. This is an excellent way to transfer property to family members at a minimal cost. Matching Gifts an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan, "I give to Catholic Charities, a nonprofit corporation currently located at 924 G Street NW, Washington, DC 20001, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.". 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. Are you looking for an easy and affordable way to provide a financial safety net for your family? The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission. Figures cited in any examples are for illustrative purposes only. A charitable gift annuity involves a simple contract between you and Catholic Charities where you agree to make a gift to Catholic Charities and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. All premiums paid by the donor are tax-deductible. The person receiving the gift annuity payments. With more than 1.7 million members Statewide, Fidelis Care believes that all New Yorkers should have access to affordable, quality health insurance. Catholic Charities provides a life insurance benefit for all regular full-time employees. Life Insurance If you have a life insurance policy, consider making Catholic Charities of Corpus Christi, Inc. the beneficiary. It offers life-long death benefit protection and builds cash value along the way. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift when you itemize. 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. 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. Tax on the growth in value of an asset—such as real estate or stock—since its original purchase. In my experience as staff manager, I felt environment could be improved, and work hours staggered to meet community needs. We provide a drug-free, smoke-free environment to all our employees. You give assets to a trust that pays our organization set payments for a number of years, which you choose. For patients who have a referral from a primary care clinic, we help connect those patients with a medical specialist office when the patient does not have insurance to cover. Stay informed of our products and services, as well as happenings in the company, our branches, and society. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes. You may choose to designate Catholic Charities as the beneficiary, or partial beneficiary, of a life insurance policy. You can also make additional gifts; each one also qualifies for a tax deduction. This gift is as simple as updating your beneficiary designation form with the policy holder. *These Benefits are subject to change. Catholic Charities Caring Careers. It also provides: Products are not available in all states. When using life insurance for charitable gifting, it is important to consider different strategies and the different tax benefits. © 2021
Algunas secciones no están traducidas al español y seguirán estando en inglés. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Your cash value can increase the death benefit or provide access to extra living benefits. Learn More. You can designate us as the primary beneficiary for a percentage or specific amount. You contribute to the account, which grows tax-free. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.Privacy Policy | Cookie Policy, © 2021 Catholic Charities DC | 924 G Street NW | Washington, DC 20001. Download My FREE Personal Estate Planning Kit. Life Insurance. The most attractive advantage using life insurance is that it allows one to make a much larger gift to a charity. A donor advised fund is an account that you set up but which is managed by a nonprofit organization. I offer three ways in which to help charities with gifts of life insurance: Securities, real estate or any other property having a fair market value greater than its original purchase price. Make an outright gift of a new policy. Donate a Vehicle. Navigating aging-related services can be … An endowed gift can create a new endowment or add to an existing endowment. You’ll also find pro-life, pro-Catholic charities on there too! You can name us as owner and beneficiary of an existing policy. tax on gifts generally paid by the person making the gift rather than the recipient, the original value of an asset, such as stock, before its appreciation or depreciation, the growth in value of an asset like stock or real estate since the original purchase, the price a willing buyer and willing seller can agree on. Eligible employees will have the opportunity to take advantage of the following benefits: • Health, Dental, & Vision Care • Flexible Spending Accounts (FSA) • 401(k) Retirement Plan • Life and AD&D Insurance • Generous PTO and Sick leave • … Upon the insured's death, the death benefit goes to benefit the charities selected by you. Life Insurance to Replace Gift Life insurance can also be used to replace an asset that has been given to Catholic Charities . Here's how to name Catholic Charities as a beneficiary: Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form. Annuities are subject to regulation by the State of California. Loop 410 San Antonio, Texas 78209 Our Mailing Address: P.O. Gifts of real estate can be made to Catholic Charities outright or transferred to the organization. If you include Catholic Charities in your plans, please use our legal name and federal tax ID. You can designate us as the primary beneficiary for a percentage or specific amount. Established in 1976, Sharelife is the annual charitable fundraising appeal of the Archdiocese of Toronto - ensuring people have access to social services based on Catholic values and respect for the sanctity of life at all stages. A revocable living trust is set up during your lifetime and can be revoked at any time before death. Our legal name is Catholic Charities of Oregon of the Archdiocese of Portland in Oregon. Insurance products are issued by Mutual of America Life Insurance Company, 320 Park Avenue, New York, NY 10022-6839. Read More No matter what tomorrow brings, Catholic Financial Life will be there for those you cherish most. Fidelis Care is a mission-driven health plan offering quality, affordable coverage for children and adults of all ages and at all stages of life. You cannot direct the gifts. Naming individuals and charities that will receive your assets after your death can be a simple process. When the trust terminates, the remaining principal goes to Catholic Charities as a lump sum. How it works : After a donor makes a gift to Catholic Charities , the tax savings produced by the charitable deduction are used by his or her children or an irrevocable trust to purchase and pay the premiums on a life insurance policy on the donor's life. Each year the trust pays you or another named individual the same dollar amount you choose at the start. Catholic Charities offers excellent benefits including: medical, dental, life insurance, pension plan and generous paid time off plus a supportive work environment and competitive pay. Gifts of Life Insurance. Benefits at Catholic Charities. Catholic Charities of Corpus Christi, Inc. 615 Oliver Ct., Corpus Christi, Texas 78408 Pledges You may spread your gift over six months and up to five years. Tax deductions may be equal to the policy's cash replacement value. Find Out More. Please provide the following information to view the materials for planning your estate. the part of an estate left after debts, taxes and specific bequests have been paid, a written and properly witnessed legal change to a will, the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will. Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land. Term Life Insurance may be right for you! Learn more about this simple gift by downloading your FREE copy of our informative guide Change Lives With Life Insurance. Download My FREE Personal Estate Planning Kit. 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. 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