Gift Planning

There are many ways to plan your gift to Edmundite Southern Missions. The best choice for you will depend upon your unique circumstances. Although most gift plans are applicable no matter your age, here are some gift options our generous donors have used at different stages in their lives.

When you are in the 40-54 age range, it’s likely you are busy raising your family and pursuing your career. Donors in this group have found these gifts appealing:

  • Outright Gift of Cash – Your gift provides immediate support for the Edmundite Southern Missions and you receive the maximum income tax deduction.
  • Gift in Your Will – Including a contribution in your will or estate plan is a great way to provide for the future of Edmundite Southern Missions and, if your situation changes, you can change you gift at any time.
  • Beneficiary Designations – It can be easy as filling out a form with your bank or other financial institution directing a contribution to be made at the end of your lifetime.

If you are 55-69, you are probably beginning to plan for – or maybe moving into – retirement. In addition to the gift options above, these gift plans may be of interest:

  • Outright Gift of Appreciated Securities – You can avoid capital gains taxes with a gift of appreciated securities and receive the maximum income tax deduction too.
  • Donor Advised Fund – Perhaps you have created a donor advised fund to manage your charitable giving.  If so, you can recommend distributions to Edmundite Southern Missions.
  • Deferred Gift Annuity – This gift plan allows you to make a contribution now and, beginning at a time of your choosing, receive payments as a result.

By the time you reach age 70 you are probably easing into retirement. These gift options might be attractive:

  • Gift from Retirement Account – If you are over age 70½ you can make a contribution from your retirement account and completely avoid the income tax that you would have paid on a withdrawal. If you are over age 72, this contribution can count toward your required minimum distributions.
  • Gift of Life insurance – Perhaps you have a life insurance policy that you purchased years ago, but you no longer need. You can contribute that policy to Edmundite Southern Missions and get an income tax deduction for the value of the policy as well as for future premium payments you make.
  • Charitable Remainder Trust – Highly appreciated assets that provide a disappointing level of income can be a challenge because of the capital gains tax if they are sold. A charitable remainder trust can allow you receive more income, avoid the capital gains tax, and get an income tax deduction, all while making a generous gift to Edmundite Southern Missions.

The best gift options for you will depend upon many factors. We would be happy to work with you and your advisors to craft a charitable gift plan that meets your needs and allows you to join us helping the poor and the hungry in our community. 

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