If you would like more information on these topics, please contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.
Your legacy reflects your values and must be cultivated through thoughtful planning.
If you want your assets to be given to the people and charities you care deeply about after your passing, then it is important for you to
establish a formal estate plan.
Your estate includes everything you own, regardless of size.
Please consult an attorney and financial advisor when creating your estate plan.
To request a free guide – “Tips for Creating an Effective Estate Plan” , please contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312.995.0686 or gvogt@archchicago.org.
If you have an individual retirement account and you are age 73 or older, you probably know that you must take your required minimum distribution (RMD) before the year ends.
However, did you know that you can fulfill all or part of your RMD and reduce your taxable income by transferring funds directly from your IRA to your parish or the Archdiocese of Chicago?
Be sure to request the transfer before December 1st to give your IRA custodian enough time to complete your charitable distribution before the year ends.
The timing is important. Don’t wait until it’s too late to benefit from reduced taxes.
Learn more at archchicago.org/qcd.
A gift of life insurance is powerful and simple way to provide future support for our parish. Here are two ways to give a gift of life insurance to St. Elizabeth of the Trinity:
1. 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. Elizabeth of the Trinity Parish, The Catholic Bishop of Chicago, a Corporation Sole.”
2. 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.