Planned Giving

If you have already remembered Santa Catalina in your will or trust, or if you are interested in learning more, please let us know.

Bequests

A simple, yet powerful, way to make a gift is to name Santa Catalina in your will or trust. In doing so, you may bequeath a monetary sum or a percentage of your estate. If you already have an up-to-date will or trust, you may add a provision for Santa Catalina through a codicil or trust amendment that states your latest intentions. Please refer to our Sample Language for Bequests for guidance.

Gifts of Retirement Funds

Qualified retirement plans offer an equally simple opportunity for investing in Santa Catalina’s future. If left in your estate, your heirs will pay income tax on these assets in addition to estate taxes, often amounting to a taxation of up to 75 percent. By bequeathing your retirement plan assets to Santa Catalina, you ensure that 100% of these funds will support your wishes.

Charitable Remainder Trusts

Charitable remainder trusts are individual trusts that can be funded with cash or appreciated property. Remainder annuity trusts distribute a fixed dollar amount of income, and remainder unitrusts distribute a variable amount either for a set term of years or for the lifetimes of the beneficiaries. Santa Catalina then receives the remainder of the trust assets. Advantages include:

  • Annual income for yourself and/or other beneficiaries
  • An immediate charitable deduction
  • Elimination of capital gains tax on appreciated assets
  • Estate tax savings
  • Freedom from the burden of managing the property you put in the trust

Charitable Lead Trusts

A lead trust pays income to Santa Catalina for a number of years or a lifetime and then transfers the principal in the trust back to you or to another individual of your choice. This strategy is extremely beneficial in reducing your estate taxes and offers best savings during low-interest markets.

Life Insurance

An outright gift of a fully paid life insurance policy makes an excellent charitable gift. You can also make Santa Catalina the beneficiary of an existing policy, or you can take out a new policy with Santa Catalina as the owner and beneficiary.

Retained Life Estates

You may gift your home, farm, or vacation home and retain the right to live there as long as you live. The result is an immediate charitable deduction on your income tax and a gift to Santa Catalina when you no longer need the property.

As with all substantial financial planning, please consult with your financial advisor to determine the best method for achieving your philanthropic goals while planning for your financial future. Also, we recommend that you contact the Development Office at Santa Catalina to inform them of your plans and the intent of your gift. The information on this website is not intended as legal advice. For legal advice, please consult an attorney.

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