Planned Giving

There are many ways to contribute to Catholic Charities through Planned Giving:

Immediate Gifts

Immediate Gifts have the benefit of being applied outright to the ministry of CCCS and result in a tax deduction in the year the gift is given. Intangible assets such as cash, securities, mutual fund shares or tangible assets such as real property, cars, or other physical property may be given and immediately be put to use in CCCS’ outreach to our community.

Deferred Gifts

Perhaps the best way to think about deferred gifts is to borrow a phrase from the Apostle Paul, the “now and the not yet.” Committing to a deferred gift allows CCCS to celebrate the gift presently and plan for its full realization in the future. Some types of deferred gifts can even provide a current income for the donor and/or their heirs as well as securing special educational needs for generations to come. And often times, this type of gift enables the donor to give at a greater level.

Perhaps the most common of all deferred gifts…an outright bequest…is the simplest and often the easiest way to provide for the ministry’s future. Whether through a simple will (either a specific bequest or a percentage of the residue) or through a similar arrangement through a revocable living trust, a bequest is often the culmination of faithful support during one’s lifetime

IRAs

Beneficary of your IRA

You can name Catholic Charities of Colorado Springs as your beneficiary of all or a portion of your IRA assets. Please consult your tax advisor for specific information and guidelines pertaining to your situation..

Insurance

Paid up life insurance policies, for many, represent the best way to maximize their gift to CCCS. Policies in which CCCS is named as the owner and beneficiary can be counted at face value and the donor recognizes a charitable deduction equal to the premiums paid.

Charitable Gift Annuities

A charitable gift annuity is truly a “split interest” agreement. It helps the charitable organization and provides the donor with a guaranteed income stream, often greater than they currently enjoy. In addition to a tax deduction, when funded accordingly, you should be able to avoid some of the capital gains taxes normally incurred when an asset is sold.

Charitable Remainder Unitrust

With a charitable remainder unitrust, you transfer cash, securities, or other property directly to a trust. Once this is done, you receive an income tax deduction and pay no capital gains tax. During its term, the trust pays a percentage of its value each year to you or to anyone you name. When the trust ends, its remaining principal passes to CCCS.