You’ve worked hard. You’ve lived humbly. And you hope to have a lasting impact on your community. Perhaps you wish to make a legacy gift to your parish or favorite charity — but worry that if you do so now, you’ll outlive your savings.
Split-interest gifts are an option that provide you income for today and establish your legacy forever. These include charitable gift annuities (CGAs) and charitable remainder trusts (CRTs), which both offer great benefits:
01 You receive payments for the remainder of your life.
02 A portion of your payments may be tax free. And you may decrease your tax liability when you use appreciated assets for your gift. Depending on your personal situation, a portion of the capital gains may be either spread throughout the payments for your lifetime or deferred completely.
03 If you itemize your tax returns, you receive a charitable deduction.
04 Financial support to your favorite parish or nonprofit.
And when you entrust the Catholic Community Foundation of Minnesota (CCF) to steward your gift, you can rest assured that your gift is invested in alignment with your Catholic faith. CCF’s investment practices leverage all three USCCB strategies for principled stewardship: Do No Harm, Active Corporate Participation, and Promote the Common Good.
The information provided above by the Catholic Community Foundation of Minnesota (CCF) is general and educational in nature. CCF and its staff do not provide individualized legal or tax advice. We recommend you consult with your attorney or tax professional regarding your unique personal situation.