Planned Giving
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The term "planned giving" is most often used to describe a commitment made by a donor to make a gift of accumulated assets such as cash, stocks, real estate, life insurance, etc. This type of gift is usually made by way of formal agreement and the funds are normally not available to the charitable organizations such as a parish or the diocese until the particular requirement has been met, usually at the death of the donor or donor's spouse. A bequest made through a will is by far the most common method of planned giving.
There are also other methods of planned giving available such as charitable remainder trusts or charitable gift annuities. Planned giving is often done through a comprehensive estate plan that takes into account all of a person's accumulated assets.
A separate 501(c)3 corporation, The Catholic Foundation, was established August 17, 2000, to provide a solid financial future for the advancement of the ministries offered through the diocese and for other religious, charitable and educational purposes. To learn more about how you can leave a legacy of your faith through a planned gift, click on the link below.