We want to thank you for your support of Holy Trinity Catholic High School. As we travel through this time of Lent, we are invited to make the Lord’s journey our own by engaging in the three traditional Lenten pillars of Church teaching – prayer, fasting and almsgiving. One method of almsgiving is through planned giving.
Planned Giving creates a legacy that will extend your generosity into the future, confident that the values and assets you developed during your lifetime are passed on according to your wishes. With little or no current financial impact on you, this caring act may result in the largest and most lasting gift you ever make to the school. A misconception is that gift planning is only for the "wealthy." The truth is people of all income levels can make a difference through gift planning. Many families have enjoyed increased income and generous tax savings by using various types of planned gifts. There are many possibilities to consider including a bequest, one of several forms of charitable trusts or a gift of life insurance. For all planned giving strategies, we encourage you to consult with your financial advisor, attorney and a Holy Trinity Catholic High School representative, when considering a planned gift. The lives that are touched at Holy Trinity Catholic High School, and the potential they hold, can be your legacy. Please contact the Development Office at (254) 771-0787 for any questions you may have..
Types of Planned Giving
Gifts of Life Insurance
You may list Holy Trinity Catholic High School as the beneficiary on a new or existing life insurance policy. Upon your death, Holy Trinity receives the proceeds as a bequest, providing federal estate tax benefits. The amount of the annual premium may be claimed as a charitable deduction on your income tax form if Holy Trinity is the owner of the life insurance policy.
Bequests
A bequest is a popular and simple method of creating a planned gift. A typical bequest is a provision in your will that specifies a cash amount, a percentage of the entire value of the estate or, after you have provided for your family, residual estate assets. There is no limit to the size of a bequest. The entire amount is deducted from the assets of the estate, which can result in lower estate taxes to your heirs. Often, donors with modest incomes “wish they could do more” for Holy Trinity Catholic High School. This is a simple way for donors of all income levels to create a gift for Holy Trinity without reducing income needed for daily living expenses.
Charitable Remainder Trusts
A Charitable Remainder Annuity Trust (CRAT) provides income for the donor and a gift for Holy Trinity. A trust is established that will pay to the donor a fixed annuity income not less than 5% of the trust’s initial fair market value. The donor or a designated beneficiary will receive the income for a maximum of 20 years or until the death of the donor. The residual is donated to Holy Trinity. The donor receives tax benefits for establishing this irrevocable trust.
Charitable Lead Trusts
A Charitable Lead Trust is a separately invested irrevocable trust you create by transferring cash, marketable securities or income producing property to a trustee. This trust pays a fixed percentage of its assets to Holy Trinity for a specific number of years, after which the principal is returned to you or your heirs. This method of giving allows the donor to remove a significant asset from his/her estate allowing the reduction of gift and estate taxes, thereby making a substantial gift while protecting the assets for his/her heirs.
Easy Giving
AmazonSmile
AmazonSmile will donate 0.5% of the purchase to Holy Trinity Catholic High School. AmazonSmile is the same Amazon you know with the added benefit of supporting Holy Trinity. Same products, same prices, same service. Please visit smile.amazon.com to get started and Holy Trinity Catholic High School, Temple, TX as your charity of choice. Happy Shopping!
As you travel this Lenten journey, again, please consider support for HTCHS. If you have any questions regarding the various forms of support through planned giving, please call Renee Morales at (254) 771-078