Planned Giving

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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. Additional information can be found to your right or you may contact the Development Office at (254) 771-0787.
 
Types of Planned Giving
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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.

Create retirement income through a Charitable Remainder Trust (CRT):

For example: A donor has under-performing or marginally performing, low basis securities, bank account assets or excess property. These assets, usually at values of $100,000 or more, are used to fund the Charitable Remainder Trust. Placing these securities in the CRT allows the donor to avoid capital gains taxes and receive a charitable tax deduction based on the appreciated value of the securities. The donor or the donor’s spouse could receive an income rate that is often higher than what the assets are  currently earning. After a maximum of 20 years or upon you or your spouse’s death, the remainder of the asset would pass to Holy Trinity.
A variation of a CRAT strategy is a Charitable Remainder Unitrust (CRUT), which provides more flexible options for the donor. A CRUT pays a fixed percentage not less than 5% based on the trust’s annual market value, which many cause the income amount to increase or decrease each year. Additional contributions can be made to the CRUT over time to increase the value of the trust. A CRUT allows for some creative options such as deferring income until a future time.

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.

For example: Income from rental property is adding to your income tax burden but is not necessary for your daily living expenses. You could donate the income from this property to Holy Trinity and claim the income as a tax deduction. After a fixed time or the donor’s death, the property ownership reverts back to the donor’s estate. Gifts of Real Estate and personal property must meet Holy Trinity’s gift policy guidelines before we can accept the gift. Please contact a Holy Trinity Board member or Development Committee member before you proceed with your plans.

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.
 
 
Easy Giving
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Easy Giving allows the school to benefit from everyday purchases from online and local vendors. There are hundreds of stores that donate varying percentages to the charity of your choice as you make a purchase. Listed below are sites and stores that support education. We hope you will consider this new and easy way to raise funds on our behalf.

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!