LEAVING A LEGACY LEAVING A LEGACY AN ACT OF LOVE AND FAITH LEAVING A LEGACY

Like good stewards of the manifold grace of , serve one another with whatever gift each of you has received. Two thousand years ago said, —1 Peter 4:10 “He sent me to preach Good News to the poor.” Since 1732 the Redemptorists—a congregation of more than 5,500 priests and brothers haritable giving and estate planning Your will or trust serving in 82 countries worldwide— C are acts of love and faith. A will or trust is a testament of loving have followed Christ’s example, preaching the Word When you establish an estate plan, you stewardship. It allows you to make specific and serving the poor and most abandoned. protect and provide for the needs of your choices about sharing the resources God Redemptorists have a special devotion to the family and loved ones. You show faithful has given you. crib of Bethlehem; the cross of Calvary; stewardship of all the gifts God has given Making a will or trust is a practical and Mary, the Mother of God; and the Eucharist. you, creating a lasting legacy . . . making a prayerful undertaking. Family and loved difference for generations to come. ones will be your priority, but through a will Charitable giving can play an important or trust you can also support organizations An act of part in your planning. It maximizes tax that minister to God’s people. advantages now and gives you the oppor- If you choose to make a gift to the Re- love and faith tunity to help build God’s kingdom well demptorists in your will or trust and would beyond your lifetime. like the gift to to be used for the care of The following information can help you elderly and infirm Redemptorists or to help set charitable giving priorities and goals. train missionary priests and brothers, please use the name Redemptorist Office for Outright gifts Mission Advancement Inc. as beneficiary. The Redemptorists Checks made payable to the Redemp- With Him is plentiful redemption. (Psalm 130:7) torists are gratefully accepted and used to meet current needs—spreading the Perpetual Help Center | 107 Duke of Gloucester Street Annapolis, MD 21401-2526 | Toll-free: 877-876-7662 Gospel, serving the poor, educating sem- E-mail: [email protected] | redemptorists.net inarians, and caring for infirm priests and brothers. Gifts may also be made securely The Redemptorists online at redemptorists.net/give. Entrusted with the miraculous of Our Mother of Perpetual Help LEAVING A LEGACY AN ACT OF LOVE AND FAITH

If you prefer to help Redemptorists spread Planned gifts that protect your assets Gifts of life insurance funds to the Redemptor- devotion to the Blessed Mother or minister to Donors can often achieve their financial objec- A life insurance policy can be a wise choice for ists by providing informa- the poor and abandoned in her name, a bequest tives while making transformative investments achieving your charitable goals. Since almost ev- tion about our brokerage can be made to the Perpetual Help Center. in charitable organizations. Many people can eryone has life insurance, it’s a popular means of firm to their own broker/ The Perpetual Help realize significant tax savings, convert non-in- helping a favorite ministry once you’ve provided financial advisor. Center’s tax ID number is come-producing assets into reliable revenue for your loved ones. All the details can be 13-1740020. streams, and pass property to beneficiaries free And the modest annual premium on a new found on our website at The tax ID number for of estate tax, while providing for vital charities policy can become a significant contribution redemptorists.net/legacy. the Redemptorist Office such as the Redemptorists and the Perpetual without affecting assets intended for your family. for Mission Advancement Help Center. By designating the Redemptorists as owner Gifts of retirement plan or bank-account is 26-3602779. Consider this scenario: Ted Hodgkins re- and beneficiary of a policy, you can qualify for assets Both offices are located at 107 Duke of ceived stock in his company as part of his significant tax deductions. Gifts of life insurance Assets from bank accounts and qualified retire- Gloucester Street, Annapolis, MD 21401. compensation package. The shares paid no receive an immediate ment plans, such as an IRA, can be given to a Because state laws differ, we recommend you dividend, so Ted derived no benefit from charitable income tax charity and can also offer tax advantages. seek the advice of qualified legal counsel before them. Nor did he want to sell the shares deduction, roughly Although designating the gift can be as sim- finalizing your will or trust. and pay capital gains tax. equal to the cash or ple as naming the Redemptorists as a benefi- Instead, Ted contributed $500,000 worth face value of the policy. ciary on the appropriate accounts or plans, we Bequests of shares to his alma mater, enabling him to Premiums you may pay recommend you work closely with your estate Remembering the Redemptorists in your will claim a charitable deduction for their full in the future are also tax planning attorney and/or tax advisor to make is a great way to build the Kingdom and spread market value. Ted worked with his attorney deductible. sure your goals are met. the Gospel after you return to the Lord. There to create a charitable remainder trust. To make the Re- are two types of bequests: residuary, which The trust sold the shares and used the pro- demptorists or the Perpetual Help Center a For more information means the bequest specifies a percentage of ceeds to make annuity payments to Ted for beneficiary, ask your insurance advisor to help For more information on planned giving oppor- your estate, and specific, which indicates a fixed the rest of his life. In this way, he converted a you make the appropriate changes to your policy. tunities, please call us toll-free at 877-876-7662. amount is to be given. non-income-producing asset into a reliable reve- We’ll be happy to answer your questions and Bequests can be written into a last will and nue stream and avoided capital gains tax. With Gifts of appreciated securities address your concerns—and we’ll keep your call testament or added some of his annuity income, he bought Gifts of appreciated securities—stocks, bonds, completely confidential. as a codicil. Our legal a $500,000 life insurance policy, thereby or mutual funds—can also provide tax advantag- Learn more by visiting our website, redemp- names for purposes of passing this same amount to his heirs, es such as reducing or avoiding capital gains tax. torists.net. There’ll you’ll find a planned giving accepting bequests are free of estate tax. Generally your charitable deduction will be calculator and further details on the benefits of Redemptorist Office Combining the annuity payments the fair market value of the property at the time different gift types. for Mission Advance- and tax savings, Ted received more than you make the gift, not the purchase price. Thank you for your support of the Redemp- ment Inc. and/or Per- $525,000 worth of benefits by giving Donors who wish to avoid capital gains tax torists. May God bless you! petual Help Center. $500,000 to his alma mater. can easily transfer stocks, bonds, and mutual

To learn more, please contact us at [email protected] or 877-876-7662.