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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