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The Foundation
  of the Roman Catholic Diocese of Albany, NY
 

 
 
     

Gift during your lifetime

Make an outright gift

Make a gift in partnership

Charitable Gift Annuities

Deferred Gift Annuities

Charitable Remainder Trusts

Charitable Lead Trust

Retained Life Estates

Charitable Bargain Sales

Gift after your lifetime

Planned Giving Calculator

 

Ways To Give
Make a gift during your lifetime

Charitable Lead Trust
(
A Charitable Way to Pass Assets to Heirs)

How it Works
   
You contribute cash, securities or other property to a trust.
   
The trust makes fixed annual payments to Roman Catholic Diocese of Albany for a specified term of years.
   
When the trust ends, the remaining principal goes to your heirs.
 
Benefits
   
  • You qualify for a gift tax deduction for the present value of the annuity payments to the Diocese.
  • The annuity payments and the term of the trust can be specified in such a way so as to reduce or even eliminate the transfer taxes due when the principal reverts to your heirs.
  • All appreciation that takes place in the trust goes tax-free to your heirs.
  • You can use your available estate tax credit ($1.5 million per person in 2004; $2.0 million per person beginning in 2006) to further reduce taxes on transfers to your heirs.
  • You can have the satisfaction of making a significant gift to the Diocese now that reduces the taxes due on transfers to your heirs later.

 

 
 
 

Development and Stewardship Office
Roman Catholic Diocese of Albany
40 North Main Avenue
Albany, NY 12203
518-453-6657
E-mail:
thomas.prindle@rcda.org