Giving to Guardian Angels

Ways to Give

Planned Giving

Providing for the future well-being of your family, and at the same time, supporting the mission of Guardian Angels Parish can be accomplished by a variety of gifts known as planned gifts.

Planned gifts, such as bequests in wills or trusts; life insurance; charitable trusts; IRAs and retirement assets; pooled income funds and annuities can provide benefits to you and your family now, and in the future. Examples of planned gifts include. Depending on the asset given and the gift arrangement selected, a donor will experience some or all of the following benefits:

• Make a lasting difference to Guardian Angels Parish.
• Avoid capital gains tax on gifts of appreciated property.
• Reduce income tax through a deduction for a gift.
• Eliminate federal estate tax on property passing to charity upon death.
• Retain life income for themselves and other beneficiaries.
• Reduce costs and time in estate settlement.
• Fulfill philanthropic goals.

Father Raymond Favret Society

A parishioner becomes a member of the prestigious Father Raymond Favret Society and helps to continue the mission of our parish from heaven when he/she makes an irrevocable provision of >$10,000 for Guardian Angels Parish in their financial or estate plans. Membership privileges include special recognition in the Parish Gathering Space and an invitation to an annual Favret Society appreciation event.  For additional information or assistance, contact the Guardian Angels Parish Office at (513) 231-7440.

Making a Bequest

To make a gift to Guardian Angels Parish from your estate, you must make your intentions clear in your will or trust. To ensure that your intentions are carried out, your will or trust should only be prepared in consultation with an attorney.

Bequests to Guardian Angels can include cash, securities, real estate, other specific property or a percentage of the residue of your estate. There are tax and other advantages of making a charitable bequest.

Gifts of Property & Real Estate

Shares of stock, real estate or other specific property may be one of the best gifts that can be made to Guardian Angels. If you sold an appreciated asset, you would ordinarily have to pay capital gains tax on the appreciated amount, considerably reducing your net gain from the sale. If, however, you make a gift of an appreciated asset to Guardian Angels, you may be able to deduct the full fair market value of the property, including all appreciation.

Life Insurance & Retirement Accounts

IRA’s, other retirement accounts, or life insurance that you no longer need is another way to give to our parish. For example, your children may be grown and the life insurance that was intended to provide education funds is no longer needed. A gift of a life insurance policy or a retirement account makes a very good charitable gift. The gift can easily be made by naming Guardian Angels as the beneficiary of the policy or account on beneficiary designation forms. Guardian Angels can also be named the owner of a life insurance policy.

Your gift may generate a charitable deduction to you or your estate and a valuable legacy of your appreciation to Guardian Angels Parish.

Charitable Remainder Trust

You may make a gift to Guardian Angels by irrevocably transferring securities, cash, real estate or other property to a trustee while retaining a lifetime income right.

The trustee manages the trust assets and pays an annuity to you, your designated beneficiaries or both. The annuity payments can continue for your or the beneficiary’s life or, in some cases for a specific term of years.

Thereafter, the remaining trust principal goes to Guardian Angels in your name or in the name of someone you wish to honor.

Charitable Lead Trust

A Charitable Lead Trust is another way to make a gift to Guardian Angels.  You can think of it as the reverse of a Charitable Remainder Trust.  Property is transferred to a Charitable Lead Trust, then the trustee manages the trust assets and pays an annuity to Guardian Angels for a specific term of years.  At the end of the term, any remaining trust assets pass to you or to your designated beneficiaries.

When establishing a Charitable Lead Trust, the IRS sets the expected rate of return on the trust assets, so as long as the actual investment return exceeds the IRS rate, there will be assets remaining in the trust at the end of the term, which will then be distributed to you or to your designated beneficiaries.

Pooled Income Fund Gift

A pooled income fund or charitable gift annuity allows you to make a meaningful gift to Guardian Angels Parish, while also providing for your and your family’s future well being. A pooled income fund gift or gift annuity makes it possible to transfer cash, real estate or securities to Guardian Angels Parish. In exchange, you or someone else you designate will receive payments for life.

All donors are urged to seek the advice of competent legal and/or tax professionals as to the consequences of their gift prior to entering into a Planned Gift Arrangement.

For further information or questions, please feel free to contact any of the following resources, with all inquiries handled in a confidential manner: