Planned and Estate Gifts to CHRISTUS Cabrini Foundation

Wills and bequests
One of the easiest and best ways to leave a gift to the mission and ministry of CHRISTUS St. Frances Cabrini is through a person’s final Will and Testament. One can leave a specified monetary amount or a percentage of one’s estate to a favorite cause or institution. Recently, a longtime Cabrini benefactor left a portion of her estate to the Cabrini Hospice program. In visiting your attorney, please discuss how you can support great health care by leaving a legacy to CHRISTUS Cabrini that will benefit future generations.

Insurance
Life Insurance is a unique way to give. To qualify as a charitable deduction, CHRISTUS Cabrini foundation must be named as both owner and beneficiary of the policy. If the policy is paid in full, your charitable deduction is generally the replacement value or cost basis of the policy, whichever is less. Ongoing premiums paid on a gifted life insurance policy also qualify for a charitable deduction.

IRA
Naming CHRISTUS Cabrini as the beneficiary of your retirement plan or IRA can save your heirs a significant amount. If you intend to make both charitable and non-charitable family distributions at your death, you should direct that the charitable distribution be made from your qualified retirement plans and IRA’s that have accumulated unreported income inside them. By making charitable donations using retirement assets in your estate, you will increase the net assets available for family distributions. This is because the assets that are received by the charity form the retirement plan pay no income tax or estate tax on those plan assets when they are distributed to them. On the other hand, if your family receives these retirement plan assets, they will have to pay the income tax applicable to distributions from such retirement plans Charitable Gift Annuity
In some cases, you may be able to benefit from a charitable Gift annuity. In return for your gift, CHRISTUS Cabrini agrees to pay you a guaranteed lifetime income at a rate of return that is established by the Committee on Annuities. The rate of return also depends in how many people benefit form the annuity and whether you decide to defer payments until a later date, such as retirement. You also receive immediate tax benefits when you establish your gift annuity.  Dear Friend of Cabrini Hospital if you are over 70 and a half in age the newly signed Pension Protection Act allows traditional and Roth IRA owners the ability to make charitable contributions of up to $100,000  per year directly from their IRA’s to an eligible charitable organization without incurring any adverse federal income tax consequences.  Please check your financial advisor about using this to make a significant gift to one of our clinical centers of excellence.

For further information contact – Michael Davis at 318 – 448 – 6921.

 These estate giving description are for educational purposes only. For specific recommendations, each person should consult his or her own qualified professional advisor(s).