Name a Beneficiary

Naming the Holy Names Sisters Foundation as a beneficiary is simple and has lasting effects. Did you know that retirement plans are the most expensive asset to leave your family?  By designating the Foundation to receive all or a percentage of your benefits you will bypass potentially heavy taxation as they can be subject to income and estate taxes.  Though these taxes can be deferred for the lives of the donor and spouse, they will eventually be realized. Donors can name the Sisters as either full or partial beneficiaries of other assets such as insurance policies, bank, brokerage and financial accounts or Certificates of Deposits. Transferring some of these assets to heirs may result in double taxation.

By naming us as beneficiary, after your lifetime the asset will come to us without going through probate and your estate is entitled to a charitable deduction for the amount of the gift. In addition, you will be enrolled in our Marie Rose Society.

Some donors establish new life insurance policies for the charity of their choice. There are significant tax benefits when the donor allows a charity to own the policy or to be named as the irrevocable beneficiary.

Another option is a Life Estate Agreement. This contract is established when the donor deeds a personal residence, a vacation home, some property or farm to the Holy Names Sisters Foundation. The donor receives a charitable tax deduction based on an actuarial value of the remainder. (Older donors receive a larger tax deduction.) In addition, the donor may live in the deeded property for as long as he or she chooses.
 

How to Name Us as a Beneficiary

Name: Holy Names Sisters Foundation
Physical Address: 17590 Gleason, Lake Oswego, OR 97034
Mailing Address:  P.O. Box 411, Marylhurst, OR  97036
Tax-ID #: 93-1299385
Relationship: Non-profit organization as per 501c3 regulations

For more information regarding gift-planning options, please contact us.

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This information is not intended as specific legal advice or tax counseling. Please consult your attorney on legal implications and your accountant on tax implications. State laws governing these matters vary and are subject to change.