Capuchin Franciscan Friars
Office of Planned Giving
Your Legacy
Americans are generous by nature.  If given a chance, most of us would like to leave a
lasting legacy -to make a difference in society and to benefit the lives of others.

In the past, leaving such a legacy was generally the domain of a privileged few.  Now,
many giving options allow almost anyone to make a significant charitable gift.  In doing
so, you'll not only leave a legacy for the future, but you can also enjoy tax advantages
and other benefits today.

How you can help:


A bequest is one of the simplest ways to remember those you care about most. Through
a bequest you can designate to your favorite charity:
  • A percentage of your estate
  • Specific Property
  • Residue of Your Estate
  • Specific dollar amount

Pension Protection Act 2006

The Pension Protection Act of 2006 created a new charitable planning opportunity.  
Under PPA 2006, an IRA owner age 70 1/2 or older may make a direct transfer to
charity.  The transfer may be up to $100,000 in one year, and PPA 2006 provided that
this option will exist for year 2006 and year 2007.

Life Insurance

When it comes to life insurance, it's a safe bet that nearly everyone has it and ,
eventually, everybody outgrows their need for it.  Your reasons for owning certain
policies may not be issues anymore, but what effect will these policies will have on your
estate? The benefits of your insurances policies may be cut almost in half if left to
federal estate taxes.  A charitable organization like the Capuchin Franciscan Friars,
however, can fully benefit from unwanted or unneeded policies.

Nothing is easier than changing a beneficiary designation to make sure an insurance
settlement passes in whole or part to a favorite organization or honorable cause.  As a
planning option, insurance proceeds can be split among many beneficiaries, but
changing a revocable beneficiary designation generates no income tax deduction.

Charitable Gift Annuity

A gift annuity is a simple, contractual agreement between a donor and the Capuchin
Franciscan Friars in which you transfer assets to us in exchange for our promise to pay
one or two annuitants payments for life. If you itemize deductions in your tax return,
savings from the charitable deduction reduce the net cost of the gift.

To receive a
FREE COPY of our new brochure, The Charitable Gift Annuity: A
Simple Gift That Benefits You, Too
, you can e-mail us, call us at 201-863-4036 ext
#10 or fill the

Charitable Remainder Trust

A Charitable Remainder Trust is a separately managed Trust established by the donor.  
Income from the trust is paid to the donor and/or other beneficiary for life and/or a term
of years. When the trust ends, principal is turned over the Capuchin Friars, a qualified
charitable organization.

Charitable Lead Trust

The Charitable Lead Trust allows you to pass your assets along to your family with
significant estate tax savings while at the same time making a gift to the Capuchin
Friars.  The donor transfers property to a trust creating an income for the Capuchin
Friars for a period of years or for the life or lives of an individual or individuals.  At the
conclusion of the term, the principal goes to your younger generation family members,
with estate or gift taxes reduced or even eliminated.

This Gift Calculator will help you calculate how a charitable gift can potentially provide
income, help you pass assets to heirs, and save significantly on income estate, and
capital gain taxes.

If you would like to receive additional information on any of the above planned gifts or
would like to discuss any other options at no obligation, please contact Beatriz Rea at
201-863-4036 ext #10, e-mail beatriz@capuchinfriars.org. or send this
form. All
information you share with us will be strictly confidential.
The information on this site is not intended as legal, tax or investment advice.  For
such advice, please consult an attorney, tax or investment professional.