Planned Giving

Planned GivingWhat is Planned Giving?

Planned giving is a thoughtful, intentional way of sharing our God-given resources to support the mission of the School Sisters of St. Francis. With the assistance of a professional staff and/or your own financial advisor, you can create a planned gift.

Planned gifts often allow donors to make a more generous charitable gift than they ever dreamed possible. These gifts also are an excellent form of stewardship. They can provide substantial tax benefits for you and your family and, at the same time, help those who are poor and vulnerable in our world. With planned gifting, you ensure that your life will touch the lives of many people today, and in future generations.

What is the Covenant Society?

The Covenant Society is a unique group of benefactors who have purposefully chosen to share a portion of their assets and ensure the mission of the School Sisters of St. Francis will continue into the future. 

We invite you to contact us for more information.

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Charitable Gift Annuity
What is a Charitable Gift Annuity?

A gift annuity is an agreement in which a donor makes a gift of cash or property and a charity agrees to make fixed payments to the donor for life. 

How a gift annuity works
  • A charitable gift annuity (CGA) is a contract between a donor and a charity.
  • A donor gives cash or appreciated property to the School Sisters of St. Francis. In exchange, the School Sisters make fixed payments for the lifetime(s) of one or two individuals.
Financial details
  • Annuity payments are based on a rate schedule. The School Sisters of St. Francis use the rates set by the American Council of Gift Annuities. Under these rates, the older the age of the individual receiving payments, the higher the rate. 
  • A predetermined portion of each payment is taxable.
Gift annuity vs. deferred gift annuity
  • A gift annuity can begin payments immediately.
  • A deferred annuity will defer payments for up to a year.

We invite you to contact us for more information.

Wills and Bequests

A  will or bequest is the simplest way to provide a planned gift for the School Sisters of St. Francis. You can easily include language in your will or trust specifying a gift to family, friends or charity.

Bequest options
  • A gift of a specific dollar amount or asset
  • A gift of a specific percentage of your estate
  • A gift of the balance or residue of your estate
  • An IRA or other specific retirement asset
Benefits of Your Request
  • Leave a lasting legacy
  • Receive estate tax charitable deductions
  • Lessen the amount of tax on loved ones

We invite you to contact us for more information.

Life Insurance Policy
How Do I Give a Life Insurance Policy?

Designating the School Sisters of St. Francis as the beneficiary of a life insurance policy provides an opportunity to make a sizable gift for a minimal investment. The life insurance policy can be an existing policy (either partially paid or fully paid) or a new policy.

The School Sisters of St. Francis can be named as a partial or full beneficiary of the policy on the beneficiary designation form. As the donor, you are entitled to receive a charitable income tax deduction if the School Sisters of St. Francis are named as the owner and beneficiary of the policy.

We invite you to contact us for more information.

Retirement Plans and IRAs
How Do I Give a Retirement Plan or IRA?

Giving a retirement plan or an individual retirement account (IRA) to the School Sisters of Saint Francis has gained much popularity as a planned gift option. Simply obtain a beneficiary form from the administration of the retirement plan or the IRA and add the School Sisters of St. Francis as an entire or partial beneficiary of the asset.

Significant income and estate tax savings can be achieved using this gift option – sometimes tax savings can be as much as 75 cents on the dollar.

We invite you to contact us for more information.

Contact Us

There are several steps you can take to help you make wise decisions about planned giving. The information on this website is offered to help you discover gift planning ideas that can be of personal benefit to you and your family.

Contact us or fill in the form below. We are happy to help you!

Amanda Ferguson
Director of Mission Advancement


Tel: 414-385-5338
aferguson@sssf.org

 

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I would like more information about adding the School Sisters of St. Francis in my will.

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