Catholic Community Foundation - Give Today ... Impact Tomorrow

Planned Gifts

Planned giving is the process of carefully selecting the best method and asset for making a charitable gift. Such a gift can enable you to take full advantage of the tax laws to accomplish your financial and charitable goals.

Planned gifts to the Catholic Community Foundation (to benefit Regina) can be given on an unrestricted basis or specified to perpetuate Regina�s programs, activities, scholarships, missions, or other special needs. Planned gift vehicles include:

Will or Living Trust Provisions

One of the advantages of giving through a will (bequest) is the flexibility it offers. You don�t have to entirely rewrite your existing will to be able to remember Regina. A simple amendment to your will (codicil) will allow you to name the Catholic Community Foundation (to benefit Regina) as a beneficiary. Your legal consultant can help you make the change, leaving a legacy of faith! Four of the most popular bequest forms are:

A fixed amount of money or a designated property.
A percentage of the estate.
A double-purpose bequest allows you to give life income to a relative or other loved one AND to leave a gift to Regina.
A residual bequest. (Whatever property remains in one�s estate after specific bequests have been fulfilled is known as residue.)

Life Insurance (Beneficiary and/or Ownership Designation)

Life insurance policies make excellent gifts to Regina.

Name the Catholic Community Foundation (to benefit Regina) to receive a percentage of your life insurance proceeds. Even a gift of 1% of your overall proceeds or your �rest and residue� can be a generous gift.
Name the Catholic Community Foundation (to benefit Regina) as first, second, or last beneficiary for part or all of your life insurance.
Do you have a policy that you no longer need because your life circumstances have changed? You can name the Catholic Community Foundation (to benefit Regina) as the policyholder and make a gift of its annual premium to the Catholic Community Foundation. Upon your death, the Foundation (Regina) will receive the policy�s proceeds.

Charitable Trust

Charitable trusts and similar gifts provide the donor and/or a beneficiary a lifetime income or income for a designated time with the Foundation (Regina) retaining the remainder.

Real & Personal Property

If you own a personal residence or family farm, and you are unsure what will become of it after your death, you may want to use it in an exceptional way for Catholic education. You can gift your house or farm while you live, then continue to live there the remainder of your life and receive any income earned. The earth is the Lord�s. Your gift of property is a symbolic, as well as practical way to support the work of Regina.

Retirement Plan Beneficiary Designation

Your savings for retirement represents a lifetime of working and planning. If you or your loved ones don�t use the funds, why not arrange for Regina to put them to work for the glory of God?

It is easy to arrange a gift through your IRA, pension, or profit-sharing plan.
Adding the Catholic Community Foundation (to benefit Regina) as a final beneficiary of your retirement funds can be as simple as filling out a change-of-address form.
When you make your next contribution to your IRA ask about naming the Catholic Community Foundation (as a beneficiary for Regina).

A retirement gift can mean a large gift for Regina, one that can be made without affecting your family�s future security.

Please contact April Rouner at the Catholic Community Foundation at (319) 354-5866 or ccf@mchsi.com to find out more about any of these planned giving options.

Sample Language for Bequest in a Will or Trust

I give to the C atholic Community Foundation, an Iowa nonprofit corporation of Iowa City, Iowa:

To make sure your gift is directed through the Catholic Community Foundation's preferred channels of support, please use the correct legal title in all documents: Catholic Community Foundation.

' the sum of $_________________

' all of my interest in the following described property:

_______________________________________

' _________ percent of all of the residue of my estate

' to be used for the benefit of

_______________________________________

(Catholic Community Foundation or Regina)

' to be used for the purpose of

_______________________________________

(for example: Tuition Assistance Endowment, Teacher Endowment, General Endowment or a specified school ministry or program)

' to be used in accordance with a gift agreement on file at the Catholic Community Foundation

' to be used as the board of directors of the Foundation shall determine

Describe the bequest of property with one or more of the appropriate phrases:

* A specific bequest will direct a certain sum or particular property to the Foundation.

* A percentage or residual bequest will automatically adjust to a changing estate size.

Describe the purpose of your gift with one of the appropriate phrases.

Tax identification number:

51-0158837

Catholic Community Foundation mailing address: P.O. Box 1581, Iowa City, Iowa 52244-1581

If in future years, the above stated purpose is no longer necessary, practical, or possible, the board of directors of the Foundation shall use its discretion to designate this gift for a related purpose that best promotes and supports the mission of the Catholic Community Foundation.

This paragraph is necessary (for all restricted bequests) to allow for unforeseen circumstances.