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Ways of Giving
Wills and Bequests
You use your gifts while you are alive to benefit those you love and care about – your family, friends, and the institutions that make a difference in the life of the community. By remembering the Benedictine Sisters of Erie in your will, you can ensure that part of your estate will continue to benefit others through the work of the sisters.
Charitable Gift Annuity
A charitable gift annuity is a gift that pays you.
A charitable annuity is a contract between you and the Benedictine Sisters of Erie. You give us a gift of cash, securities, bonds or mutual funds and we guarantee you regular payments for life.
| Benefits of a charitable gift annuity include: |
- Fixed payments for life – monthly, quarterly, semi-annually, or annually
- Possible tax advantages
- Supports the needs and ministry of the Benedictine Sisters of Erie
- Convenience – Annuities are easy to set-up. A phone call to our development office can get you information about payments and tax benefits specific to your situation.
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Life Insurance Gifts
Making a gift of life insurance is one way that many individuals can make a much larger gift than they may otherwise have thought possible.
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Give a Paid-Up Policy
Most people own life insurance, including policies they may find they may no longer need. Making the Benedictine Sisters the beneficiary of a current life-insurance policy is a way to make a significant contribution to our work at no additional cost to you.
Buy a New Policy
By purchasing a life insurance policy and naming the Benedictine Sisters as the beneficiary, some people have found they can make a larger gift with smaller regular payments. In addition, future premiums paid may be deductible as cash contributions.
Use Insurance to Replace a Bequest and Make a Gift
While making estate plans, some people find they can make a current gift of assets they planned to bequeath in their wills. Such a philanthropist could buy life insurance in the amount of the bequest they planned to make to a loved one and gift the assets to the Benedictine Sisters. Satisfaction of giving and tax benefits are received immediately, when they are needed most, and heirs receive the same amount. |
Charitable Trusts
A trust is a way to set aside money or other assets to provide income for yourself or another person. Charitable trusts establish gifts to non-profit organizations and may have tax advantages for the donors.
Consult your attorney to set up a charitable trust.
Gifts of Stock, Securities or Mutual Funds
Stock that you purchased in the past may be a perfect gift to help build the future. By making a gift of stocks, securities or mutual funds, you may realize both income and capital gains tax savings. These savings enable more of your money to go to programs that are helping people in need.
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