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Bequests | Gift
Annuities | Other Ways of Giving
Other Ways of Giving
Stock, Bonds, and Mutual Funds are
assets that you can give to your Conventual Franciscan Friars. If
you give appreciated securities, those you have owned a year or
more, there are several attractive tax benefits.
- Bypass capital gains tax due on sale of same property by donating
your appreciated securities.
-
Your tax deduction is based on the current market value in the
year the gift is made,
not the purchase price.
-
You can carry over any unused portion of this deduction for the
next five years.
Legal Title for the Conventual Franciscan Friars: Province
of Our Lady of Consolation, Inc.
Life Insurance becomes a gift for the Province
of Our Lady of Consolation by simply naming the Province as a death
beneficiary. Also you can give a policy to the friars by transferring
ownership of the policy to us. Your tax deduction in this
case (transferring ownership), would be the lower value between
the cost basis and the fair market value of the stock.
CD, Money Market Account, Savings Account, Brokerage Account can
turn into gifts for Franciscan Ministries. Simply name the
Province of Our Lady of Consolation, Inc. to receive this account
at you death (Pay On Death - POD).
Retirement and Pension Funds are other assets
you can turn into a gift for your friars. This can be accomplished
by naming the Province as a beneficiary of the fund.
There are a couple of facts you want to keep in mind when you are
considering these gifts.
- It is
always prudent to talk with you financial advisor before you make
a gift.
- Tax laws
change so you need to be sure your gift qualifies for a tax deduction
before you proceed with a donation.
- You can
give a portion of the asset or the whole asset. Most of
the time it is acceptable to name more than one beneficiary.
When you make a gift, be sure to use the legal title of
the Conventual Franciscan Friars, which is:
Province of Our Lady of Consolation, Inc.
We would like to keep you informed about these various ways of
giving by sending you a free pamphlet about a specific gift which
does not obligate you in any way. Just complete the information
below and the information will be mailed to you immediately,
For Information, Contact:
Fr. David Lenz, OFMConv.
Director of Development
103 St. Francis Blvd.
Mount St. Francis, IN 47146-9000
Phone: 812-923-5250
Fax: 812-923-3200
Email: frdavid@franciscansusa.org
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