Giving a gift that becomes payable upon death allows you to plan for a future gift to your Catholic parish, school or ministry. Your personal legacy will help to support the legacy of the church.
Your planned gift can be made:
- As an unrestricted gift to the Catholic Foundation
- To support an already existing endowment
- To establish your own endowment. You could establish an endowment in your family name, or to honor and remember a loved one by naming it after them.
What to give
A bequest is a popular way to make a planned gift at the time of your death.
Here is sample bequest language that may be helpful to you.
Upon my death, I give, devise and bequeath to The Catholic Foundation
of the Roman Catholic Diocese of Erie, Inc. DBA Catholic Foundation of
Northwest Pennsylvania, whose office is currently located at: St. Mark
Catholic Center, 429 E. Grandview Blvd, Erie PA 16504, and whose federal
tax identification number is 26-0725989,
the sum of $________ or _______% of the rest of my estate
Here is sample language if you want to designate your bequest gift to a specific endowment.
My/our gift will be added to the ______________ endowment of the Catholic Foundation of Northwest Pennsylvania.
OR My/our gift will be used to create the ________________ endowment at the Catholic Foundation of Northwest Pennsylvania. The purpose of this fund is: _____________________________________________]
Another way to consider a planned gift to the Catholic Foundation to benefit your parish, school or ministry is to change the beneficiary of your life insurance policy, retirement account, or other financial account to the Catholic Foundation.
You can make your beneficiary designation gift as an unrestricted gift to the Catholic Foundation, a gift added to an already existing endowment or a gift used to establish a new endowment.
Beneficiary forms are available by contacting the organization that manages your accounts or insurance policy. The following language can be used on the beneficiary form: The Catholic Foundation of the Roman Catholic Diocese of Erie, Inc. DBA Catholic Foundation of Northwest Pennsylvania, St. Mark Catholic Center, 429 E. Grandview Blvd, Erie PA 16504, federal tax identification number is 26-0725989. Please also specify the name of the endowment fund you wish to support.]
This irrevocable giving option can generate income for you or other beneficiaries with the remainder of the donated assets going to the Catholic Foundation to benefit your parish, school or favorite ministry. In this way you can pursue your philanthropic goals while also providing for your or your other family members’ living expenses.
This irrevocable giving option provides financial support to the Catholic Foundation for a specified period of time, with the remainder going to your family or other beneficiaries. A charitable lead trust can be funded during your lifetime, or as part of your will. It distributes regular payments to the Catholic Foundation during the life of the trust and can be used to benefit your parish, school or favorite Catholic ministry.
You may make a gift of your home to the Catholic Foundation, realize a current income tax deduction, and continue to occupy the property during your lifetime.
Gifts of real estate may include developed property, undeveloped property, or gifts subject to a prior life interest. Prior to acceptance of the real property, the gift shall be approved by the Gift Acceptance Committee and legal counsel of the Foundation.
To learn more about these gift options, and how you can plan to support your parish, school or ministry of choice after your death, contact Lisa Louis at 814-824-1237.
If you have already provided for the Catholic Foundation of Northwest Pennsylvania in your will or estate planning, we are grateful!
Please let us know so that we may thank you. You can do this by completing a planned giving intention form to share with us your plans. We are so grateful for your vision and your generosity.