Planned Giving Program

A “planned gift” is a gift given to a charity through a will, contract or trust. It is often deferred and usually spread out over an extended period of time.

Popular examples of Planned Gifts include bequests of money or stocks; as well as insurance policies and Charitable Gift Annuities.

Cash Gifts

Outright cash gifts are the most common form of giving to Bishop Ludden. Your gift becomes immediately available to support the daily operations and unrestricted giving to Bishop Ludden. The diocese accepts cash, checks, credit cards, debit cards and on-line donations. The donor will be credited with the full amount of his or her cash gift – which may by tax deductible.

Memorial and Tribute Giving

Gifts in memory of deceased friends and loved ones or gifts that honor living individuals are gratefully accepted by Bishop Ludden. Such contributions are often used to reflect the special interests of the person honored. Any gift to Bishop Ludden may be designated in memory of or in honor of a loved one.

Gifts of Appreciated Securities

If you own long-term securities that have appreciated in value, you may prefer to contribute securities to Bishop Ludden rather than cash. In this way, there may be both capital gains and tax deduction benefits.

Prior to making such a donation, you should first consult with your personal tax adviser.

Qualified Charitable Donation

Did you know that one of the most tax efficient means of making a donation to Bishop Ludden is to do so through your IRA? The IRS permits an IRA owner who is 70 1/2 or older to make a Qualified Charitable Donation directly from an IRA to a designated charity, like Bishop Ludden. Qualified Charitable Donations can amount up to $100,000 per year. Making such donations allows the funds to avoid income taxation. This will allow you to reduce your taxable income and as a result, your overall tax liability. In addition, such a contribution may be counted as part of the owner’s Required Minimum Distribution for that year.

Prior to making such a donation, you should first consult with your personal tax adviser.

Questions? The office of development at (315) 579-0061.