Ways of Giving to Catholic Schools:
Supporting Catholic School Education and Children
Today ... Provides for their Future
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Gifts Today:
Cash Gifts
Outright cash gifts are the most common form of giving
to Catholic Schools. Your gift becomes immediately
available to support important programs and services.
The donor will be credited with the full amount of his
or her gift - which may be tax deductible.
Donations can be designated to the diocesan Catholic
Schools Educational Fund or to individual schools in
support of their annual appeals, tuition assistance
funds or special events.
Memorials and Honorariums
Gifts in memory of deceased friends and loved ones – or
gifts that honor living individuals – are gratefully
accepted. Such contributions are often used to reflect
the special interests of the person honored. Any gift
may be designated “in memory of”, or “in honor of,” a
loved one, a dear friend, a teacher or others.
Gifts of Appreciated Securities
If you own long-term securities that have appreciated in
value, you may prefer to contribute securities rather
than cash. In this way, there may be both capital gains
tax and income tax benefits. Please contact David
Cremerius, Director of Planned Giving, at (901) 373-1273
for the proper form and specific stock transfer
instructions.
Planned Gifts:
Bequests
Your will is a meaningful way to make a charitable gift
of lasting value to the Catholic Schools of the Diocese
of Memphis. Through a bequest provision, you can
designate a specific amount of money, a percentage of
your estate, or the remainder of your estate after other
bequests are satisfied.
Charitable Gift Annuities
A charitable gift annuity is a simple life income
agreement between a donor and the Diocese of Memphis.
In exchange for your gift, designated to the diocesan
Catholic Schools Educational Fund or to a particular
school, you receive fixed payments for your lifetime
and/or the lifetime of another person. You may be
entitled to a partial tax deduction in the year of the
gift, and a portion of each payment may be tax-free for
a period of years as well. The size of the payments is
based on the amount of the gift and the annuitant’s
age. Gift annuity plans start at $5,000, and may be
either current or deferred.
Charitable Remainder Trusts
Charitable trusts can result in significant support for
the work of Catholic Schools, while also securing your
financial future and reducing taxes for you and your
heirs. Through a charitable remainder trust, you can
provide income for yourself or a loved one and benefit
Catholic Schools. You specify the amount of payments to
be distributed (at least 5% per year), to which payments
are to be paid, the duration of payments (a period of
years or the beneficiary’s lifetime) and the Catholic
Schools of the Diocese of Memphis that will receive the
remainder. The trust may be set up for the lives of the
beneficiaries or for a term of up to 20 years.
Gifts of Life Insurance
Life insurance may be an especially attractive gift
vehicle if you own a policy that is no longer needed for
its original purpose. In addition, those who qualify
for low-cost premiums may find it more affordable and
convenient to plan a significant gift using life
insurance. By naming The Diocese of Memphis as the
owner and beneficiary of a life insurance policy, the
donor may be entitled to an immediate tax deduction for
the accumulated cash value of the policy (if any) and a
future deduction for any subsequent premiums he or she
pays.
Gifts of Real Estate
Real property gifts will be accepted for Catholic
Schools at the discretion of the Diocese after a review
of all relevant factors. Because of the complexities and
issues involved with real property gifts, the Diocese
has adopted a set of procedures. Please contact David
Cremerius, Director of Planned Giving, at (901)373-1273
for more information.
For further information about supporting Catholic school
education or a particular Catholic school, please
contact:
The Catholic Diocese of Memphis
5825 Shelby Oaks Drive
Memphis, TN 38134-7389
(901) 373-1209
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