Planned gifts are charitable gifts made as part of an individual’s financial or estate planning. Already included us in your estate plan?
Bequests
A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways you can support our mission. You may choose to name the Felician Sisters of North America as a beneficiary in your will or trust, creating a legacy of caring and support as you help to strengthen and sustain the Felician Sisters’ mission and ministry for generations to come.
Individuals have chosen to remember the Felician Sisters of North America in their wills in a variety of ways, such as naming us to receive a specific asset, a percentage of the estate, or as a residual beneficiary.
For more information, contact Marcia Wallander, Chief Mission Advancement Officer, 724-944-9814 / mwallander@feliciansisters.org.
Beneficiary Designations
Some choose to make a lasting gift yet are not ready to commit to an gift in their will or estate. Beneficiary designations offers increased flexibility by naming the Felician Sisters of North America as a beneficiary in:
- Retirement plans or IRAs
- Life insurance policies
- Donor advised funds
- Commercial annuities
Other Planned Gifts
Such gifts can offer tax benefits and other personal incentives and can be funded through a variety of options, including:
Giving from your IRA
If you are 70½ or older, you can give directly from your IRA to the Felician Sisters of North America without having to pay income taxes on the money. Gifts of $100,000 or less are eligible and are called a qualified charitable distribution (QCD).
Benefits:
- Your gift helps the sisters and our ministries immediately.
- You pay no income taxes on the gift.
- Since it doesn’t count as income, it may reduce your annual income and help lower Medicare premiums and decrease Social Security tax.
If you are 73 or older, you can use your distribution to satisfy all or part of your required minimum distribution (RMD).
At any age, you can designate the Felician Sisters of North America as a beneficiary on your IRA and it will pass to us tax-free after your lifetime. If you do, please notify us to ensure your wishes are followed.
Charitable Remainder Trust
If you have a sizable estate and also want to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the term, the balance is gifted to the Felician Sisters of North America.
These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:
The annuity trust pays you annually the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
The unitrust pays you a variable amount annually based on the fair market value of the trust assets. The payments may increase or decrease based on the trust value.
Questions?
We’d love to talk with you in confidence. Please contact:
Marcia Wallander
Chief Mission Advancement Officer
724-944-9814 | mwallander@feliciansisters.org.
For legal or tax advice, please consult your attorney or tax advisor. Tax information is for federal taxes only and are subject to change. Information here was accurate at the time of posting.
Federal Tax ID #: 27-282473
The Felician Sisters of North America is a not-for-profit 501(c)3 tax-exempt organization.
