What is Legacy & Planned Giving?

• "Planned Giving" is a term used to describe a variety of giving vehicles that allow a donor to give to a charity while meeting current income needs and providing for heirs.
• Planned gifts are commonly determined in conjunction with estate planning, are gifted upon the death of a donor and are often given in the name of the donor or donor's family.  Thus, the term"legacy giving".
• At STACC, Legacy & Planned Giving is a strategy of Extraordinary & Legacy Stewardship, an initiative which has an objective of generating funds for the future financial security of the Church and School.

Why does STACC need to build the Legacy & Planned Giving program?

To minimize negative effects of changing Parish and neighborhood demographics.

What types of Planned Gifts are accepted by STACC?

• Bequests: A written statement in a donor’s will directing that specific assets, or a percentage of the estate, will be transferred to the Parish upon the death of a donor.
• Retirement Plans and IRAs: The naming of the Parish as the entire, or partial, beneficiary of retirement plan assets upon the owner’s death.
• Life Insurance: The naming of the Parish as a beneficiary of a life insurance policy.  Upon the donor’s death, the Parish will receive all, or a portion of, the proceeds from the policy.
• Charitable Gift Annuity: A contract between a donor and the Parish whereby the donor makes an irrevocable transfer of cash or property to the charity. In return for the contributed property, the Parish agrees to pay a fixed amount of money each year for the lifetime of one or two individuals.
• Endowment Gifts: A written statement in a donor’s will directing that a percentage of the estate will be used to establish a new endowment fund for the Parish or will be invested into previously established endowment funds such as the St. Thomas Aquinas Catholic Church or St. Thomas Aquinas Catholic School endowment funds, upon the donor’s death.

What are the benefits of leaving a Planned Gift to STACC?

• Planned gifts may give donors an opportunity to earn a higher investment yield or reduce capital gains or estate taxes
• Certain types of planned gifts give donors the potential to earn a steady stream of income for life
• Making a planned gift is an excellent way to participate in stewardship as a way of life in more sacrificial way

Who should consider leaving a Planned Gift?

Planned and legacy gifts are viable options for donors of all income levels.  Therefore, anyone interested in strengthening the future financial base of the Church should consider planning a gift to St. Thomas Aquinas Catholic Church!

To learn more about the St. Thomas Aquinas Catholic Church Legacy & Planned Giving Program,
please click here to submit an online form to be contacted.

"As each of us has received a gift, use it to serve one another as good stewards of God's varied grace."
1 Peter 4:10