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Bring Christ to the World Through Your Legacy
Our Lady of the Ridge - St. Linus Parish and the Archdiocese of Chicago steward your gifts in many ways. As we stand before God’s promise to make all things new, please consider one of the greatest acts of stewardship an individual can make by establishing an estate plan. These gifts help us to build a solid foundation for the Catholic formation of future generations. A well-coordinated estate plan typically includes: Will or Trust, Retirement Assets, Life Insurance Policies, or Charitable Gift Annuity, which provides you with fixed payments for life and remaining funds will benefit our parish.
Create or update your estate plans today by contacting your estate attorney and financial advisor.
For more information, please contact our Director of Operations, Joseph Dillon at jdillon@archchicago.org or or visit myimpact.archchicago.org/resources. For a free step-by-step guide to reviewing your estate plan, please contact, Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.
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Have You "Insured" Our Parish?
A life insurance gift is a powerful and simple way to provide for our parish. Here are two ways to give a gift of life insurance to Our Lady of the Ridge - St. Linus Parish.
- Name our parish as a beneficiary of the policy.
- Make an outright gift of an existing policy.
For more information on making a gift of life insurance to the parish, consult with your financial planner, attorney or insurance representative. You can also contact our Director of Operations, Joseph Dillon at jdillon@archchicago.org or Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org with any additional questions.
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Please Consider a Charity Gift Annuity to the Church that Pays You Back
As stewards of our faith, you can express your gratitude for God’s gifts and help ensure that God’s good work on earth continues by considering a gift to the Church that pays you back – a charitable gift annuity. When you establish a charitable gift annuity with the archdiocese, not only will you receive fixed payments for life, but you can designate our parish, school or ministry – such as the Annual Catholic Appeal – as the remainder beneficiary.
How It Works:
- Make a gift of $10,000 or more to the Archdiocese of Chicago. Fund your gift annuity with cash or securities.
- Receive fixed payments for life – for yourself or a loved one age 60 or older. Payment rates are based upon the age of the annuitant at the time you establish the gift annuity.
- Enjoy immediate and future tax benefits, including a federal income tax deduction for a portion of your gift, if you itemize. You can schedule payments according to your financial needs, and a portion of each annuity payment will be tax-free (through life expectancy). You may also reduce capital gains tax liability for gifts of appreciated securities.
- The funds remaining after your lifetime will support our parish or school – as designated by you.
For more information, please contact our Director of Operations, Joseph Dillon at jdillon@archchicago.org or visit giving.archchicago.org/cga. To receive a free, no-obligation personalized illustration of how you could benefit from a Charitable Gift Annuity, contact Krystina M. Campbell, Planned Giving Officer, Archdiocese of Chicago at 312-534-5404 or kcampbell@archchicago.org.
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A Tax-Savvy Way to Support the Annual Catholic Appeal
Our prayers, financial support and direct involvement in the Church’s outreach in parishes, education, religious and ministerial formation, initiatives for justice, peace, and respect for life - all focus on the transformation God promises and our responsibility to collaborate with the Lord.
One way you can reclaim God’s promise and once again take up your responsibility is by making a direct gift of securities and mutual funds that have appreciated in value and have been held for more than one year.
When you donate appreciated securities or mutual funds to the Annual Catholic Appeal, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. For more information about donating stock or securities, please contact your financial advisor.
To make a stock donation to the Annual Catholic Appeal, please visit archchicago.org/stockgiftform and complete the electronic Letter of Intention form. Once you have submitted the form, you will receive a confirmation email with detailed instructions for you to complete your gift. If you have any questions, please contact Karen Whitehead, Archdiocese of Chicago at 312-534-7461 or kwhitehead@archchicago.org.
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A Tax-Savvy Way to Support Our Lady of the Ridge - St. Linus Parish
Please help us cover our increased operating costs by considering a direct gift of securities or mutual funds that have appreciated in value and have been held for more than one year.
When you donate appreciated securities or mutual funds to our parish, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. For more information about donating stock or securities, please contact your financial advisor.
To make a stock donation to Our Lady of the Ridge - St. Linus Parish, please visit archchicago.org/stockgiftform and complete the electronic Letter of Intention form. Once you have submitted the form, you will receive a confirmation email with detailed instructions for you to complete your gift. If you have any questions, please contact Karen Whitehead, Archdiocese of Chicago at 312-534-7461 or kwhitehead@archchicago.org.
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Please Consider Making a QCD Gift to Our Parish or Annual Catholic Appeal
Jesus told us “whatever you do for the least of my brothers, you do for me.” Every day, we have the opportunity to be the face of Jesus to others. One way you can support your fellow Catholics is by making a gift directly from your individual retirement account (IRA).
A qualified charitable distribution (QCD), also known as an “IRA Charitable Rollover,” allows individuals age 70½ or older to authorize their IRA administrator to directly transfer up to $100,000 annually from their IRA to qualified charities, tax-free.
There are three main benefits of supporting our Parish or the Annual Catholic Appeal with a QCD gift:
- If you are 72 years old or older, the amount you transfer can satisfy all or part of your required minimum distribution.
- The amount transferred directly to charity does not generate taxable income, which may reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
- Your gift will directly support the necessary work of parishes, Catholic schools and vital ministries throughout the archdiocese, allowing you to see the impact of your gift now.
If you would like more information on how to make a QCD gift to Our Lady of the Ridge - St. Linus Parish or the Annual Catholic Appeal, please contact our Director of Operations, Joseph Dillon at jdillon@archchicago.org or contact, Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.
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Please Consider a Gift through your Individual Retirement Account
As stewards of our faith, please be a light to others by considering a gift through your individual retirement account (IRA) in support of our parish. If your family's needs are being met, you may wish to include our parish as a beneficiary. By naming Our Lady of the Ridge - St. Linus Parish as a beneficiary, you will provide crucial financial support to our parish and the entire value of your gift will be transferred to us free from federal estate and income tax. It costs nothing to change the beneficiary on your retirement plan and will mean everything to our future parish community.
You can contact your IRA administrator and request a change-of-beneficiary form to include Our Lady of the Ridge - St. Linus Parish as a recipient of your good stewardship. Please consult with your account administrator for more information, or contact our Director of Operations, Joseph Dillon at jdillon@archchicago.org or contact, Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.
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Please Remember
Our Lady of the Ridge - St. Linus Parish or Annual Catholic Appeal
in Your Will or Trust
As we stand before God’s promise to make all things new, please consider one of the greatest acts of stewardship an individual can make by including a gift to Our Lady of the Ridge - St. Linus Parish or the Annual Catholic Appeal in your will or trust. A bequest can be made to our Parish or the Annual Catholic Appeal using the following language:
“I give [insert specific dollar amount, or percentage of net or residuary] to The Catholic Bishop of Chicago, Tax ID #36-2170826, a corporation sole located in Chicago, Illinois, to be used for the benefit of Our Lady of the Ridge - St. Linus Parish (or the Annual Catholic Appeal) located in Oak Lawn, Illinois. However, if Our Lady of the Ridge - St. Linus Parish (or Annual Catholic Appeal) ceases to exist in its current form, then to the new parish or parishes (or the new ministry) erected in its stead."
Please consult an attorney and financial advisor when drafting your will or trust. For more information, please visit giving.archchicago.org/bequest or contact our Director of Operations, Joseph Dillon at jdillon@archchicago.org or contact, Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.
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Please Contribute to the Priests’ Health and Retirement Fund
Please Remember Our Priests - Priests have dedicated their lives to the ministry of God’s children, serving our needs as Catholics without asking for anything in return. Now, it is our turn to show our love and care for their ever-faithful support. Please consider including a legacy gift for Priests’ Health and Retirement to support the healthcare needs of our active priests, as well as the medical and housing needs of our retired priests.
To learn more, you can reach out to Priests’ Health and Retirement at 708-449-8026. If you’d like to make a gift today, visit their website at prmaa.org. Your contribution will be deeply appreciated and remembered in the prayers of the priests within the Archdiocese of Chicago.
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