Planned Giving

Your IRA, 401k, 403b, or other retirement plan is a wonderful way to leave a legacy. You can name Connelly School of the Holy Child as a full or partial beneficiary on a “change of beneficiary form.” Did you know that retirement plans left to individuals or family trusts are some of the most heavily taxed upon death -- up to 70% of your plan’s value could be lost to taxes. As a 501(c)(3) charitable organization, CSHC receives these same assets free of all taxes.

You can leave a significant legacy by donating a paid-up policy you may have outgrown, or by naming Connelly School of the Holy Child as a beneficiary of an insurance policy. Life insurance paid to a charity is not subject to Federal estate tax and you may be able to receive an income tax deduction for your premium payments.

Most people do not realize that they can leave assets from their accounts to their favorite charitable organizations. You may name a charity as a full, partial or contingent beneficiary to a brokerage, savings or other accounts. Simply fill-out a “change of beneficiary form” offered by your account representative.

Gifts of appreciated stocks, bonds and other securities you own for at least one year are eligible for your charitable income tax deduction based on their fair market value on the gift date, and no capital gains tax is due on the appreciated value.

Hard-earned assets are worth protecting and various charitable strategies can safeguard family assets while providing security for loved ones and your favorite charities, like Holy Child. Consider having a conversation with your advisors about whether a charitable trust is right for you. Here are two examples:

Charitable Remainder Trust
A charitable remainder trust allows you to provide income distributions for yourself or others while making a gift of the remaining assets to CSHC when the trust ends. The income distributions may continue for the lifetimes of the beneficiaries, a fixed term of not more than 20 years, or a possible combination of the two.

Charitable Lead Trust
Annual gifts of income are first made to CSHC and when the charitable lead trust ends, the remaining assets are distributed to you or your beneficiaries.