|
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.
-----------------------------------------------------
Please Consider a Charity Gift Annuity to the Church that Pays You Back
As stewards of our faith, we can express our gratitude for the bread given to us from heaven and help ensure that God’s good work on earth continues by considering 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 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.
-----------------------------------------------------
Please Consider Making a QCD Gift to Our Parish
Please consider making a gift from your individual retirement plan (IRA) that benefits you and our parish. A qualified charitable distribution (QCD) allows individuals age 70½ or older to authorize their IRA administrator to make a direct transfer of funds from their IRA to qualified charities, tax-free.
There are three main benefits of giving with a QCD:
- If you are 73 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 be immediately used, 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, 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.
-----------------------------------------------------
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.
-----------------------------------------------------
Please Remember
Our Lady of the Ridge - St. Linus Parish
in Your Will or Trust
As stewards of our faith, please continue Jesus Christ's good work on earth by considering a gift through your will or a planned gift in support of our Church. A bequest can be made to our parish 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 located in Oak Lawn, Illinois. However, if Our Lady of the Ridge - St. Linus Parish ceases to exist in its current form, then to the new parish or parishes 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.
-----------------------------------------------------
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.
-----------------------------------------------------
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.
|
