What is Planned Giving?
Planned giving is a gift option for the young and old, the rich and those with fewer resources, those with cash and those with stock, real estate, and tangible personal property. It is even for those with modest goals like establishing an endowed family fund compared to those with larger aspirations like underwriting the cost of a new parish center or food pantry.1
Planned giving is a gift option that is never out of fashion and one that stands strong in the face of a weak economy or an unsettled real estate market.2 The vital work of funding our Diocesan services continues even in the face of economic uncertainty, and your financial support is essential to deliver these services and programing throughout the years. Establishing a planned gift will help our Diocesan parishes and ministries to continue their life saving and soul saving work in good times and in challenging times.
1 Planned Giving, Fourth Edition, A Guide to Fundraising and Philanthropy, Jordan and Quynn
2 Planned Giving, Fourth Edition, A Guide to Fundraising and Philanthropy, Jordan and Quynn
Hear from our Donors
The Diocese of Raleigh has many generous benefactors who through their Legacy gifts, have provided many opportunities to parishes, schools and Diocesan ministries.
Read more about how their gifts have made an impact.
Do You Have a Planned Giving Strategy?
A well-planned, intentional strategy for your giving can make all the difference. At the Foundation of the Diocese of Raleigh, our primary purpose is to help generous people like you create a giving strategy based on the tenets of our Catholic Faith. Centuries old tenants, even ancient, ever new, that empower you to be more faithful, generous, and purposeful about your giving.
If you want to give with more impact, cultivate unity in your family, and leave a legacy of generosity, let’s start a conversation.
Planned Giving Specialist Donna Ashcraft, CAP, FCEP is available to work with you to determine which path is right for you. This could be via a Life Income Gift, a Future Gift, or Outright Gifts that will enable you as the donor to use your assets.
Below is an overview of the categories of the various Gift options available:
- Outright Gifts - IRA/Qualified Charitable Distribution (QCD), Stock or Securities Transfer.
- Life Income Gifts: Charitable Gift Annuity, Donor Designated (non-advised) Fund, Charitable Lead Trust, Charitable Remainder Trust.
- Future Gifts - Charitable Bequest, Charitable Life Insurance Policy, Real Estate.
If you would like to learn more about the Planned Giving options available to you, please reach out to Donna Ashcraft, donna@foundationdor.org, 919-568-1067 .
Estate Planning Publications that are available to you
Our most recent Estate Planning Webinar and workbooks are free resources that can be found here!
Gift Giving Options
IRA/QCD - IRA owners aged 70 ½ or over, have the option to transfer up to $100,000 to charity tax-free each year. These transfers are known as Qualified Charitable Distributions (QCD) and offer those eligible, a great way to contribute to their chosen charity each year.
If you are 73 years of age and are an IRA owner, such QCDs count toward a Required Minimum Distribution (RMD) for the year.
Update - Secure Act 2.0*
- The age to start taking RMDs increases to age 73 in 2023 and to 75 in 2033.
- The penalty for failing to take an RMD will decrease to 25% of the RMD amount, from 50% currently, and 10% if corrected in a timely manner for IRAs.
- Starting in 2024, RMDs will no longer be required from Roth accounts in employer retirement plans.
- Catch-up contributions will increase in 2025 for 401(k), 403(b), governmental plans, and IRA account holders.
- Defined contribution retirement plans will be able to add an emergency savings account associated with a Roth account.
*Source: Fidelity.com
Please click here to learn more about the steps involved to make a Qualified Charitable Distribution.
Gifts of Stock - A charitable gift made by donating stock or mutual fund shares is a great way to contribute to one or more of the ministries supported by The Foundation of the Diocese of Raleigh. You will also be eligible to receive a charitable deduction for the value of the donated shares.
To help facilitate a gift of stock to The Foundation, please visit here for more information.
A Charitable Gift Annuity (CGA) is an arrangement that you as a donor can enter into with The Foundation, that will see you receiving a regular payment for life. This amount will be based on the value of the assets that you transfer to The Foundation. The payments will cease upon the annuitant's death, and the remaining assets will be retained by The Foundation.
Individuals and couples can set up a CGA, entering into Single Life Annuities or Two Life Annuities.
As well as supporting the mission of your favorite Parish or Apostolate, benefits include:
- receiving an immediate income stream for the rest of your life,
- you earn an immediate tax deduction,
- a portion of the payout is tax free.
For more information, visit the Charitable Gift Annuities page.
A Charitable Bequest can be made to The Foundation as a gift that is left through your will. It is one of the easiest, most popular, and most flexible planned giving tools available to you as a donor.
These bequests are often cash gifts, a percentage of an estate, or the value of the estate after everything else is paid out. Charitable Bequests can also include personal property, real estate, stocks, bonds, and more. Click here for suggested language for your will if you wish to leave a bequest to The Foundation. Your instructions will help us to direct your funds to your intended charities/ministries.
Click here to learn more about how you may leave a portion of your estate directly to The Foundation to help sustain and/or enhance Diocesan ministries for generations to come.
A Designated Beneficiary is a person who has been named to inherit an asset such as the balance of an Individual Retirement Account (IRA), annuity, or life insurance policy, after the death of the asset's owner.
Why is it important to have a Designated Beneficiary?
If you do not designate a beneficiary to receive your assets after your death, it is possible that they will be distributed to someone other than who you intended. These designations should be regularly updated based on life events, such as births, deaths, marriages, divorces, or other changes in the relationships or dynamics of your family and loved ones. Unfortunately, failing to update these designations could result in either assets being distributed to someone you didn’t intend, or failing to be distributed to someone you did intend to include but never got around to including.
A donor-advised fund is an investment account that offers potential growth for your charitable contributions.
While The Foundation does not offer a Donor Advised Fund, we do accept gifts/grants from the various institutions that do handle these investment vehicles. These institutions include, but are not limited to, Fidelity, Vanguard and Schwab.
You can also incorporate your donor advised fund into your estate planning by making a bequest in your will.
IRA/QCD - IRA owners aged 70 ½ or over, have the option to transfer up to $100,000 to charity tax-free each year. These transfers are known as Qualified Charitable Distributions (QCD) and offer those eligible, a great way to contribute to their chosen charity each year.
If you are 73 years of age and are an IRA owner, such QCDs count toward a Required Minimum Distribution (RMD) for the year.
Update - Secure Act 2.0*
- The age to start taking RMDs increases to age 73 in 2023 and to 75 in 2033.
- The penalty for failing to take an RMD will decrease to 25% of the RMD amount, from 50% currently, and 10% if corrected in a timely manner for IRAs.
- Starting in 2024, RMDs will no longer be required from Roth accounts in employer retirement plans.
- Catch-up contributions will increase in 2025 for 401(k), 403(b), governmental plans, and IRA account holders.
- Defined contribution retirement plans will be able to add an emergency savings account associated with a Roth account.
*Source: Fidelity.com
Please click here to learn more about the steps involved to make a Qualified Charitable Distribution.
Gifts of Stock - A charitable gift made by donating stock or mutual fund shares is a great way to contribute to one or more of the ministries supported by The Foundation of the Diocese of Raleigh. You will also be eligible to receive a charitable deduction for the value of the donated shares.
To help facilitate a gift of stock to The Foundation, please visit here for more information.
A Charitable Gift Annuity (CGA) is an arrangement that you as a donor can enter into with The Foundation, that will see you receiving a regular payment for life. This amount will be based on the value of the assets that you transfer to The Foundation. The payments will cease upon the annuitant's death, and the remaining assets will be retained by The Foundation.
Individuals and couples can set up a CGA, entering into Single Life Annuities or Two Life Annuities.
As well as supporting the mission of your favorite Parish or Apostolate, benefits include:
- receiving an immediate income stream for the rest of your life,
- you earn an immediate tax deduction,
- a portion of the payout is tax free.
For more information, visit the Charitable Gift Annuities page.
A Charitable Bequest can be made to The Foundation as a gift that is left through your will. It is one of the easiest, most popular, and most flexible planned giving tools available to you as a donor.
These bequests are often cash gifts, a percentage of an estate, or the value of the estate after everything else is paid out. Charitable Bequests can also include personal property, real estate, stocks, bonds, and more. Click here for suggested language for your will if you wish to leave a bequest to The Foundation. Your instructions will help us to direct your funds to your intended charities/ministries.
Click here to learn more about how you may leave a portion of your estate directly to The Foundation to help sustain and/or enhance Diocesan ministries for generations to come.
A Designated Beneficiary is a person who has been named to inherit an asset such as the balance of an Individual Retirement Account (IRA), annuity, or life insurance policy, after the death of the asset's owner.
Why is it important to have a Designated Beneficiary?
If you do not designate a beneficiary to receive your assets after your death, it is possible that they will be distributed to someone other than who you intended. These designations should be regularly updated based on life events, such as births, deaths, marriages, divorces, or other changes in the relationships or dynamics of your family and loved ones. Unfortunately, failing to update these designations could result in either assets being distributed to someone you didn’t intend, or failing to be distributed to someone you did intend to include but never got around to including.
A donor-advised fund is an investment account that offers potential growth for your charitable contributions.
While The Foundation does not offer a Donor Advised Fund, we do accept gifts/grants from the various institutions that do handle these investment vehicles. These institutions include, but are not limited to, Fidelity, Vanguard and Schwab.
You can also incorporate your donor advised fund into your estate planning by making a bequest in your will.