Planned Giving

Planned Giving

“It takes a noble man to plant a seed for a tree that will someday give shade to people he may never meet.” — David Trueblood (writer, philosopher, clergy)

Wills and Bequests

Naming the Sisters of St. Francis of the Providence of God in your will is the simplest and most common planned gift. You can (a) state that you wish to donate a specific amount to the Sisters, (b) a percentage of your estate, or (c) the residue of your estate (the amount remaining after you have provided for your family and other beneficiaries). If your will is already in place consult with your attorney about adding a codicil. Any charitable bequest to the Sisters is removed from your taxable estate and is not subject to estate taxes.

Life Insurance

A review of insurance needs might disclose that some policies are no longer as useful as they once were. You may transfer ownership of an existing policy and receive an income tax charitable deduction for the cash value. It is also possible to name the Sisters as beneficiary of a new or existing life insurance policy.

Retirement Assets

You may choose to designate the Sisters of St. Francis of the Providence of God as beneficiary on your pension, retirement, IRA, 401k and other retirement funding vehicles. By doing so, you can offset some of the taxes your loved ones have to pay and preserve more of your estate for the people and organizations that matter the most to you.

Charitable Gift Annuity

The Sisters of St. Francis of the Providence of God have an agreement with the Diocese of Pittsburgh’s Planned Giving Office wherein the Diocese will act as the administrator and fund manager for a charitable gift annuity created with the Sisters as the recipient of the cash or other assets as described below.

Charitable Gift Annuities are attractive vehicles for donors who want to make a meaningful gift to the Sisters of St. Francis of the Providence of God and enjoy secure fixed incomes for life.

What exactly is a Charitable Gift Annuity?

A Charitable Gift Annuity made to benefit the Sisters of St. Francis of the Providence of God is a simple contract between the donor and the Diocese of Pittsburgh. In exchange for an irrevocable gift of cash or negotiable securities, the Diocese, on behalf of the Sisters of St. Francis of the Providence of God, agrees to pay the donor so named a fixed sum each year of life. Upon the donor’s death, any unused portion of the gift annuity is directed to the Sisters of St. Francis of the Providence of God, less a small fee for the diocese. For a two-life Charitable Gift Annuity, a person receives specified payments for life and, after his or her death, the annuity payments will continue for the life of another person.

Our legal title is Sisters of St. Francis of the Providence of God.

This material is for informational purposes only and does not constitute legal or financial advice. For such advice, please consult your attorney, tax professional, or investment professional. The Sisters of St. Francis of the Providence of God operate their programs as a 501 (c) (3) corporation.