LEGACY GIFTS FOR OUR PARISH
 

Bring Christ to the World Through Your Legacy

St. Christina Parish and the archdiocese steward your gifts in many ways. As we stand before God’s promise to make all things new, please consider one of the greatest acts of stewardship an individual can make by establishing an estate plan. These gifts help us to build a solid foundation for the Catholic formation of future generations. A well-coordinated estate plan typically includes:

  • Will or Trust
  • Retirement Assets
  • Life Insurance Policies
  • Charitable Gift Annuity

For more information, please contact Marguerite Q. Zappa, Planned Giving Officer, Archdiocese of Chicago at 312-848-3068 or mzappa@archchicago.org. For a free step-by-step guide to reviewing your estate plan, please contact, Marguerite Q. Zappa, Planned Giving Officer, Archdiocese of Chicago at 312-848-3068 or mzappa@archchicago.org.

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A Tax-Savvy Way to Support St. Christina Parish

When you donate appreciated securities or mutual funds to our parish, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. For more information about donating stock or securities, please contact your financial advisor.

To make a stock donation to St. Christina Parish, please visit archchicago.org/stockgiftform and complete the electronic Letter of Intention form. Once you have submitted the form, you will receive a confirmation email with detailed instructions for you to complete your gift. If you have any questions, please contact Karen Whitehead, Archdiocese of Chicago, at 312-534-7461 or kwhitehead@archchicago.org.

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Leave Your Legacy Through a Bequest

What Will Your Legacy Be? We hope you will consider including a gift to our parish in your will or trust to support the future of our faith community. A bequest can be made to our parish using the following language:

“I give [insert specific dollar amount, or percentage of net or residuary] to The Catholic Bishop of Chicago, Tax ID #36-2170826, a corporation sole located in Chicago, Illinois, to be used for the benefit of St. Christina Parish located in Chicago, Illinois. However, if St. Christina Parish ceases to exist in its current form, then to the new parish or parishes erected in its stead.”

Please consult an attorney and financial advisor when drafting your will or trust. For more information, visit giving.archchicago.org/bequest or contact Marguerite Q. Zappa, Philanthropy Giving Officer, Archdiocese of Chicago at 312-848-3068 or mzappa@archchicago.org.

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Please Consider a Life Insurance Gift for Our Parish

Do you have a life insurance policy you no longer need? A gift of life insurance is a powerful and simple way to provide future support for our parish. Here are two ways to give a gift of life insurance to St. Christina Parish:

  • Name our parish as a beneficiary of the policy. Simply update your beneficiary designation form with your policy holder and list the primary or contingent beneficiary as: St. Christina Parish, The Catholic Bishop of Chicago, a Corporation Sole”
  • Make an outright gift of an existing policy. You can irrevocably name our parish as owner and beneficiary of a policy with accumulated cash value that you and your family no longer need. You qualify for a federal income tax charitable deduction when you itemize on your taxes. Also, if you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift, if you itemize.

For more information on making a gift of life insurance to our parish, we recommend you consult with your financial planner, attorney or insurance representative. Please contact Marguerite Q. Zappa, Philanthropy Giving Officer, Archdiocese of Chicago at 312-848-3068 or mzappa@archchicago.org with any additional questions.

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Please Consider a Gift to the Church that Pays You Back

A Charitable Gift Annuity is a great way to make a gift to the Church and receive fixed payments for life - benefitting you today and our parish in the future. You can schedule payments according to your financial needs, and enjoy immediate and future tax benefits, including a federal income tax deduction for a portion of your gift, if you itemize. Also, a portion of each annuity payment will be tax-free (through life expectancy). The funds remaining after your lifetime will support our parish or school - as designated by you.

For more information, please visit giving.archchicago.org/cga. To receive a free, no-obligation illustration of how you could benefit from a Charitable Gift Annuity, contact Krystina M. Campbell, Planned Giving Officer, Archdiocese of Chicago at 312-534-5404 or kcampbell@archchicago.org.

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Please Consider Making a QCD Gift to Our Parish

You can make a gift from your individual retirement plan (IRA) that benefits you and our parish. A qualified charitable distribution (QCD) allows individuals age 70½ or older to authorize their IRA administrator to make a direct transfer of funds from their IRA to qualified charities, tax-free.

There are three main benefits of giving with a QCD:

  1. If you are 73 years old or older, the amount you transfer can satisfy all or part of your required minimum distribution.
  2. The amount transferred directly to charity does not generate taxable income, which may reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
  3. Your gift will be immediately used, allowing you to see the impact of your gift now.

If you would like more information on how to make a QCD gift to St. Christina Parish, please contact Marguerite Q. Zappa, Philanthropy Giving Officer, Archdiocese of Chicago at 312-848-3068 or mzappa@archchicago.org with any additional questions.

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Retirement Plan Gifts for Our Parish

A tax-wise way you can make a gift from your retirement funds is to name St. Christina Parish as a beneficiary of your retirement account.

By naming St. Christina Parish as a beneficiary, you’ll provide crucial financial support to our parish and the entire value of your gift will be transferred to us free from federal estate and income tax. It costs nothing to change the beneficiary on your retirement plan and will mean everything to our future parish community.

It is very simple to name your parish and/or the Archdiocese of Chicago as a beneficiary. Start by requesting a change-of-beneficiary form from your account administrator or download the form from your provider’s website. Make your desired changes and return the form to your account administrator to establish your gift.

Please consult with your account administrator for more information, or contact Krystina M. Campbell, Planned Giving Officer, Archdiocese of Chicago, at 312-534-5404 or kcampbell@archchicago.org.

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National Estate Planning Awareness - Third Week of October

Do you have an estate plan? If not, now is the perfect time to contact an estate planning professional to begin the process. If you already have a plan in place, it’s a good time to review it and make any needed modifications.

A well-coordinated estate plan consists of at least four important documents:

  1. Last Will and Testament and/or Trust
  2. Durable Power of Attorney for Finances
  3. Durable Power of Attorney for Health Care
  4. Living Will or Advanced Directive

Your will and/or trust formalizes your wishes on how and to whom you want your assets to be distributed upon your passing. Your powers of attorney allow you to nominate someone who will speak on your behalf if you are incapacitated or unable to care for yourself. A living will or advanced directive formalizes your wishes regarding medical care in the event you are terminally ill.

Please consult an attorney and financial advisor when creating your estate plan. For more information, visit myimpact.archchicago.org/resources or contact Krystina M. Campbell, Planned Giving Officer, Archdiocese of Chicago at 312-534-5404 or kcampbell@archchicago.org.
 

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