Types and Terminology

Popular examples include bequests of money, stocks or tangible possessions; as well as life insurance policies and Charitable Gift Annuities.  Additionally, there are more complex trust entities - charitable remainder trusts and lead trusts.

WILL - legal document stating the disposition of a person's property upon his/her death.

BEQUEST - specific gift of property or assets included in a will.

LIFE BENEFIT - proceeds from a life insurance policy's face value payable to Holy Cross.

GIFT ANNUITY - contract by which a donor transfers cash or property in exchange for income payments for life.

LIFE ESTATE - donor gives home or land and retains rights to occupy or benefit from the property for life.

CHARITABLE REMAINDER TRUST - a trust which returns income, fixed or variable, to the donor or others for life, or a period not to exceed 20 years.

CHARITABLE LEAD TRUST - a trust whereby the donor transfers assets/funds to a trust which, in turn, pays the charity for a certain period of time.

What is a Planned Gift?

It is a gift given to Holy Cross through a will, contract or trust.  It is charitable giving that is deliberate, often deferred and usually spread out over an extended period of time.

Charitable planned giving provides a wonderful opportunity to show love and spiritual gratitude for our God-given gift of treasure— the sharing of our blessings in a comprehensive and productive way.

For more information about setting up a planned gift contact your legal and financial adviser. For more information or resources contact This email address is being protected from spambots. You need JavaScript enabled to view it. .

Contact

Position Parish Manager
Name Jon Oakes
Email joakes@holycrossopks.org
Phone (913) 381-2755, ext. 113
 
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