Charitable Bequest
A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to the Catholic Foundation of Northwest Pennsylvania that will make a lasting impact for generations to come. Your bequest can be designated to establish a new parish, cemetery, Catholic school, or ministry permanent endowment, support an existing endowment or provide unrestricted support for the Foundation.
Benefits of a bequest
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy gift to the Catholic Foundation.
How a bequest works
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or the Catholic Foundation of Northwest Pennsylvania as part of your estate plan, or you can make a bequest using a beneficiary designation form. Bequest language can include a designation to establish a new permanent endowment, benefit an existing endowment, or provide unrestricted support for the Foundation.
Here are some of the ways to leave a bequest to the Catholic Foundation of Northwest Pennsylvania
- Include a bequest to the Catholic Foundation of Northwest Pennsylvania in your will or revocable trust
- Designate the Catholic Foundation of Northwest Pennsylvania as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
- Name the Catholic Foundation of Northwest Pennsylvania as a beneficiary of your life insurance policy
A bequest may be made in several ways
- Percentage bequest - make a gift of a percentage of your estate
- Specific bequest - make a gift of a specific dollar amount or a specific asset
- Residual bequest - make a gift from the balance or residue of your estate
Contact us
If you have any questions about leaving a bequest to us, please contact us. We would be happy to assist you. If you have been so generous as to include a bequest to the Catholic Foundation of Northwest Pennsylvania as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity and recognize you as members of our Legacy Society.
