METHODS & BENEFITS OF GIVING
METHODS OF GIVING All regulations are handled by the foundation. Contact Planned Giving Officer, by mail or call 765.269.4608 to discuss your gift plans.
Gifts Of Cash Make checks payable to the Lafayette Diocesan Foundation, Inc., and mail or bring them to the Foundation at 610 Lingle Avenue, PO Box 1687, Lafayette, Indiana 47902-1687.
Gifts Of Securities You can make a donation of stocks, bonds, or mutual funds and take a charitable deduction for the current value of the security. Please contact Planned Giving Officer at 765.269.4608 for specific instructions.
Gifts Of Real Estate You may make a gift of your residence, farm or vacation home, and claim a charitable deduction for the current value of the property.
Deferred Gifts Deferred gifts include:
Bequests through a will or trust. For specific language, please contact the foundation office.
Gifts of life insurance. If you make the foundation the owner as well as the beneficiary of a paid up policy, you may be entitled to an income tax deduction for roughly the cash value of the policy. If you purchase a new policy and name the foundation as sole owner and beneficiary, you may be able to claim a tax deduction for the amount of the annual premium. Please confer with your tax expert..
Life income arrangements.
Charitable Remainder Trust – Generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to a diocesan charity or charities.
Charitable Gift Annuity – As a donor, you make a sizable gift to a diocesan charity or charities. In return, you become eligible to take a partial tax deduction for your donation, plus you receive a fixed stream of income for the rest of your life.
BENEFITS OF GIVING The Lafayette Diocesan Foundation acts as a central clearing house, allowing the board and/or the donor to direct the funds to support the various ministries in our diocese, a parish, a school, a cemetery or other ministry; is professionally managed, centralized, and cost-effective; is an accountable way of financing a wide variety of services within our diocese, a parish, a school, a cemetery or other ministry.
There are many good reasons to invest in the foundation. Here is a partial list of the benefits to donors and beneficiaries:
Simplicity It’s easy and convenient to make a donation to a new or existing foundation account. A single gift can benefit several worthwhile projects.
Performance A contribution to the foundation will benefit the diocese, a parish, a school, a cemetery or other ministry indefinitely.
Flexibility
A Designated fund allows a donor to support specific causes into the future.
A Field-of-Interest fund allows the donor to choose the area of interest such as education, mission outreach, seminarians, etc.
A Non-Restricted fund allows the Board of Directors maximum flexibility in addressing the ever-changing needs of the diocese and its ministries.
Tax Benefits Contributions to the Lafayette Diocesan Foundation, Inc., a 501(c)(3) not-for-profit organization, may qualify for tax deductions. Please confer with your tax expert.
