1999-2000 Annual Report

Ways of supporting the work of Catholic Charities

Deferred Giving Gifts and bequests to Catholic Charities are deductible for federal income tax and federal estate tax purposes. The simplest way to do this is to make an outright bequest in a will or living trust of a specific amount of money, securities or property. It is easy to add a bequest to a current will through a codicil (amendment). The suggested wording in a bequest is: "I give, devise and bequest to Catholic Charities of Los Angeles, Inc. _____ (state percentage of estate or residue, sum of money, or describe property) for its general use and purposes." • Charitable remainder trusts can be established to provide a donor and another person income for life, and then to provide a deferred gift of the remaining assets to a charity such as Catholic Charities of Los Angeles, Inc. Depending on the type of trust established, a donor would be entitled to an income tax or estate tax deduction. • Real Estate and Appreciated Securities - All taxation on gifts of appreciated real estate can be exempted from federal income tax and capital gains tax. Capital gains tax can be exempted and federal tax can be reduced by donating stocks, bonds, mutual funds and other financial instruments which have increased in value since purchase date and have been held for no less than one year. • Life Insurance - A donor may name Catholic Charities as the beneficiary of an old life insurance policy and capitalize on possible tax benefits. A tax advisor or attorney can describe more ways of assisting Catholic Charities of Los Angeles, Inc. in future years.

Joyful Givers Circle The Joyful Givers Program is for those who would like to make a monthly pledge commitment to Catholic Charities. The donor is given 12 pre-addressed envelopes to use in making monthly payments to Catholic Charities. By making monthly donations, the donor can lessen the burden of one larger annual gift and also demonstrate sustained support of Catholic Charities and the services the agency provides to the community. Call 213/251-3493 to join the Joyful Givers Circle.

Vehicle Donations Call Catholic Charities at 213/251-3493 to donate your car, boat or motor home. The donor receives tax benefits for the contribution and the proceeds help Catholic Charities o help the poor in Los Angeles, Ventura and Santa Barbara counties.

Matching Gifts Thousands of companies are matching dollar-for-dollar the money their employees give to non-profits. Some companies also contribute to charities where their employees volunteer. Even if a person is retired, works part-time, or is the spouse of an employee, he or she might be able to augment contributions through the employer. Human Resources Departments have a Matching Gift form, that may be filled out and the employee portion mailed to Catholic Charities. More of Catholic Charities' needy clients will benefit as a result of a matching gift.

Memorial/Tribute Gifts A donor may contribute to Catholic Charities in memory of someone who has died or in honor of someone on an important occasion. An appropriate acknowledgment of the contribution will be sent to the donor and to the person the donor specifies to receive the notice. Catholic Charities has established a Fund for the Future to provide a long-term endowment through estate gift or life income programs. Building this Catholic Charities' endowment will expand Catholic Charities' financial base so that the necessary human service programs will continue to grow to meet the increasing needs of the communities within the Archdiocese of Los Angeles. Please contact Catholic Charities' Resource Development Department at 213/251-3495.

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