GIFTS FOR TOMORROW — What is a Planned Gift?

Remembering Holy Cross of San Antonio in your will is one of the easiest planned gifts you can make. You can first provide for family and friends, then leave a percentage or specific amount to Holy Cross of San Antonio.

Charitable Remainder Unitrusts and Annuity Trusts assure future support of Holy Cross of San Antonio's mission. This type of gift is beneficial if you would like to retain income for your lifetime or the lifetime of a beneficiary.

Life insurance may be appropriate for some benefactors with an existing policy they no longer need or where the benefactor wishes to purchase a new policy with Holy Cross of San Antonio named as the irrevocable beneficiary. You may also consider leaving a portion of your life insurance policy to Holy Cross of San Antonio.

Assets accumulated in a retirement plan, such as an IRA, can fund a charitable gift by naming Holy Cross of San Antonio as the beneficiary or contingent beneficiary of such plans. Tax benefits are based on IRS regulations at the time of the designation.

Of special note for those who have a traditional IRA and have reached the age of 72½, there is a tax benefit to be considered. Notify your IRA manager that you wish to donate a portion of your Annual Minimal Distribution (AMD) to Holy Cross of San Antonio. This type of donation is referred to as a Qualified Charitable Distribution (QCD). Your QCD will reduce the tax liability of your AMD. This option must be negotiated through your IRA manager.

A charitable lead trust can transfer assets to your heirs at a significantly reduced tax liability. The trust makes a fixed payment to Holy Cross for a specified term, measured by someone's life or a selected number of years. After the trust term ends, the assets of the trust are either returned to you or passed on to children or other loved ones.