Caring for Tomorrow
Your planned giving is a great way create a legacy that will impact Immaculate Conception well into the future.
Planned gift options include gift annuities, wills & trusts, securities, life insurance, and endowments. Every gift, regardless of its size, is a blessing!
Volunteer / Employee
Your time and talents are always wanted! Join Immaculate Conception as a volunteer or employee.
QCD’s (Qualified Cash Distributions)
If you are 70½, love Immaculate Conception—and don’t like taxes—read this…
Older adults who donate to charities, like Immaculate Conception—and don’t like taxes—will benefit by using Qualified Charitable Distributions (QCDs) to make their donations.
A QCD allows you to do good and, at the same time, reduce taxes. After you reach 70½, you are required to withdraw funds annually from your IRA and report these distributions as income on your tax return. If you plan to donate, you can direct those distributions to Immaculate—satisfy your requirement for the year, and you don’t have to report the distribution as income or pay taxes on it.
“We’ve run [tax] projections for…clients using QCDs, and it’s saving them a lot of money.”
—Investment Adviser in the Wall Street Journal, September 23, 2018
- You must be 70½ or older.
- Transfers must be made directly from an IRA to a qualified charity, like Immaculate Conception.
- The gift must be made by December 31st.
- Only traditional IRAs are eligible.
Talk with your IRA administrator. You will need to provide the complete parish name, address, and TAX ID#. Contact the Joanne Power in the parish office to obtain this information, 410-427-4703.
Charitable Gift Annuities
A popular way to leave a legacy to missionary societies, universities, and more recently, the Parish to which you belong. Gift Annuities provide a guaranteed income stream for either one or two lifetimes, in the case of a spouse. Income can be received immediately or on a deferred basis. Compared with CD’s or low dividend stocks, it’s possible to increase your income, receive a charitable deduction, and make a wonderful legacy gift to the Church.
Wills & Bequeaths
The most frequent form of legacy giving. They can be part of a standard type of will or added to an existing will by means of a codicil. You can specify a dollar amount or leave a residual (remaining) portion of your estate after all other distributions are made. This usually takes the form of a percentage ranging from 10% to 100% of the residual portion.
What is the simplest way to write a bequest?
(i.e. stock & mutual funds) Should you decided to include the Church of the Immaculate Conception in your Will, please use the following codicil and forward to your attorney:
“I bequeath the sum of $ ______ or ____ percentage of the residual of my estate to the Church of the Immaculate Conception, Roman Catholic Congregation, Inc., located at 200 Ware Avenue, Towson, MD 21204 for the benefit of (The Church of the Immaculate Conception or Immaculate Conception School).”
Gifts of Appreciated Securities
If you own long-term securities that have appreciated in value, you may prefer to contribute securities rather than cash. In this way, there may be both capital gains tax and income tax benefits. Please find the transfer instructions below:
Morgan Stanley 650 S. Exeter Street, Suite 1100 Baltimore, MD 21202 Attn: Brian Harrison (410-736-5320) DTC Number: 0015 Account Number: 633-162167-190 Account Name: Roman Catholic Archbishop of Baltimore
Please contact Joanne Power in the accounting office with any questions: 410-427-4703
Gifts of Life Insurance
You may donate an up-to-date policy, purchase a new policy in the Parish’s name and make the premium
Endowment funds are an accumulation of resources that donors choose to maintain intact and in perpetuity; only the income (interest) from the funds is distributed for designated purposes. We created endowments to ensure the future of our school. The benefit of the endowment funds established for Immaculate Conception School is to provide tuition assistance to deserving students and for the operating needs of the School.
Please contact the Development Office or firstname.lastname@example.org if considering making a gift of commitment to the financial security and future of our schools.