Transfer assets to Roanoke Catholic School for investment with the income designated for the school.
Bequests offer an excellent opportunity for you to make a significant gift to Roanoke Catholic. You may designate in your will a specific bequest amount or a percentage of your estate, or you may name the school as the remainder beneficiary of your estate.
Make Roanoke Catholic the beneficiary of an existing life insurance policy, or you may purchase a new policy for the benefit of Roanoke Catholic. Insurance policies can be written so that you will have both an income tax deduction for the premiums you pay and an estate tax deduction for the proceeds of the policy. Roanoke Catholic School staff will gladly provide you with additional information about this unique gift.
Give your home, farm, or other property to Roanoke Catholic and retain the right to live in your home for the rest of your life. Such a gift provides an immediate substantial charitable tax deduction determined by the market value of your property and by your age at the time of the gift.
Charitable Remainder Trust
Place money, securities or property in a charitable trust for Roanoke Catholic and receive an annual income for life. The donor may designate the school to be the beneficiary. The donor receives an immediate substantial charitable tax deduction determined by the market value of the assets placed in the trust and the donor age at the time of the gift. Such a charitable trust may have the form of either an Annuity Trust which provides a fixed income each year or a Unitrust which provides income annually at an agreed upon percent of the value of the assets at the time of the annual payment.
A gift annuity can provide you with a guaranteed income for life and the assurance that the remainder will be used as you direct. Gift annuity agreements contain standard annuity rates which vary with the donor’s age. Confidential information will be prepared at your request.