![]() |
| 2001-2002 Annual Report |
Ways of Supporting the Work of Catholic Charities |
|||
Deferred Giving Gifts and bequests to Catholic Charities are deductible for federal income and 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 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 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.
Secure On-line Donations Catholic Charities website is equipped with a secure on-line donations page. Just visit www.CatholicCharitiesLA.orgs How You Can Help/Ways to Donate pages for information on how you can make a donation using your credit card on-line. Vehicle Donations Call Catholic Charities at 213-251-3494 (Lana) or 213-251-3498 (Christy) 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. Joyful Givers Circle |
|||
|