2000-2001 Annual Report

Ways of supporting 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 your will or living trust of a specific amount of money, securities or property. It is easy to add a bequest to your 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 the percentage of estate or residue, sum of money, or describe property) for its general use and purposes.” • Charitable remainder trusts and Charitable gift annuities can be established to provide you 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 or annuities established, you would be entitled to an income tax or estate tax deduction • Real Estate and Appreciated Securities - Exempt all taxation on gifts of appreciated real estate from federal income tax and capital gains tax. Avoid capital gains tax and reduce federal tax by donating stocks, bonds, mutual fund and other financial instruments which have increased in value since purchase date and have been held for and have been held for no less than one year. • Life insurance - Name Catholic Charities as the beneficiary of an old life insurance policy and capitalize on possible tax benefits. A tax advisor or attorney can provide you with more ways of assisting Catholic Charities of Los Angeles in future years. Joyful Givers Circle For those who would like to make a monthly pledge commitment to Catholic Charities, we offer our Joyful Givers Program. You would be given 12 pre-addressed envelopes to use in making monthly payments to Catholic Charities. By making monthly donations, you can lessen the burden of one larger annual gift and would also demonstrate your sustained support of Catholic Charities, and the services the agency provides to the community. Call 213-251-3494 or 213-351-3498. Secure On-Line Donations Catholic Charities’ Web Site is equipped with a secure on-line donations page. Just visit www.CatholicCharitiesLA.org’s “How You Can Help/Ways to Donate” pages for information on how you can make a donation using your credit card on-line or call 213-251-3433. Vehicle Donations Call Catholic Charities at 213-251-3494 and we will arrange to sell your car. You get tax benefits for your generous contribution and the proceeds help us to help the poor in Los Angeles, Ventura and Santa Barbara counties. Employee Matching Gifts Do you know if your employer would double your contribution to Catholic Charities? 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 you are retired, work part-time or are the spouse of an employee, you might be able to augment your contributions through your employer. Contact your Human Resources Department, obtain a matching gift form, fill out the employee portion and mail the form to Catholic Charities. More of our needy clients will benefit as a result or a matching gift. Memorial/Tribute Gifts Contribute to Catholic Charities in memory of someone who has died or in honor of someone on an important occasion. We will send appropriate acknowledgments of the contribution to you and to the person you specify to receive the notice. Fund for the Future Endowment 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 fund will expand our financial base so that the necessary human service programs will continue to grow to meet the increasing needs of our communities. If you have questions, or want to find out how you can become a member of the Fund for the Future Society, please contact Catholic Charities’ Resource Development at 213-251-3495.

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