You know you want to leave a legacy, but have you considered who will live that legacy? Let us help you realize a planned gift that will benefit the students of St. Francis Episcopal School for generations to come. Learn how to name St. Francis as a beneficiary of your will, why retirement plans result in the most tax-efficient bequest to charity, and about the various ways your legacy can make a lasting difference.
To get started, please contact your attorney or financial planner. To make your legacy gift to St. Francis, you can print and complete our Planned Giving Donor Form.
For questions, please contact Faith Cohen 713.458.6129 in the Advancement Office.
- Charitable Gift Annuity
- Retirement Funds
- Charitable Remainder Trust
- Life Estate Contract
- Charitable Lead Trust
- Pooled Income Fund
- Life Insurance
IRA, 401K—the IRA Rollover provision of the Pension Protection Act of 2006 allows a donor who has reached a defined age to exclude any IRA funds withdrawn and transferred to a charity from his or her income when filing a tax return for that year. The provision is applicable only to direct gifts of cash to charitable organizations (capped at $100,000 annually) from donors age 70½ or older. The charitable sector is working to get it made permanent and to extend it to a broader range of giving opportunities.
An agreement established by donors transferring a deed or real property to an organization while reserving for themselves and/or someone else the right to live on or use the property for life. Charitable deductions for life estate contracts are limited to properties that are either personal residences or farms.
A contract between an individual and an insurance company providing a payment to the individual’s estate or to named beneficiaries (such as a spouse, children, or grandchildren) at the individual’s death. Charities are also frequently named as beneficiary. By making a charity both the beneficiary and owner of the policy, a donor can make an immediate gift that will provide immediate or future funds for a charity or charities.