Life Income Gift

Life-income gifts enable you to receive income and make a lasting gift to The Holy Names Sisters Foundation. We offer a variety of gift options to help you meet your planning goals and provide income for yourself and/or others you designate.

To create a life-income gift, you make an irrevocable gift of cash or securities to The Sisters of the Holy Names. We pay you a fixed income in return. After your lifetime and/or the lifetime(s) of the other designated beneficiaries, the remaining balance is used to support the Sisters and their work. You are also eligible to receive an income tax charitable deduction the year you make your gift. As always, you can specify what you would like your gift to ultimately support or direct it towards the greatest need.

Charitable Gift Annuity:

Gift Annuities are popular and simple ways to remember Holy Names Sisters Foundation because they offer several great benefits:

• Donors gain safe, fixed annual returns for the rest of their lives based on their current ages.
   
• Donors secure charitable tax deductions for the year in which the Gift Annuity is established.
   
• A significant portion of the donor’s income will be tax-free.
   
• After the donor’s death, the remaining principal is transferred to the Holy Names Sisters Foundation, which ensures that the donor’s generosity continues beyond his or her lifetime.
   
• If the Gift Annuity is established with appreciated stock or securities, the capital gains tax is spread over a number of years.  more

Charitable Remainder Trust:

A Charitable Remainder Trust solidifies a person’s financial stability along with remembering the donor’s favorite charities. Charitable Remainder Trusts are especially attractive to people in their 50s and 60s who have highly appreciated assets. Capital gains taxes are avoided, and a charitable tax deduction is allowed when the trust is established.  more

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

Information provided on our Internet site is not intended to be tax or legal advice. Please consult a qualified financial advisor before making a gift.