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For everything...there is a season
If you are in the process of reviewing your financial portfolio, updating your will, or just beginning to prepare your will, it may be beneficial for you to consider the following ways of making a charitable gift to the Sisters of St. Francis, Oldenburg.
Take advantage of the Tax-Free IRA Rollover - this opportunity is available only through the 2007 calendar year! You can transfer up to $100,000 from your IRA to the Sisters of St. Francis - meet your required minimum distribution and avoid income tax. Federal legislation enables you to make a gift from your IRA to the Sisters of St. Francis and exclude the transferred amount from your taxable income.
1.You must be 70 1/2 or older
2.The transfer must go directly from your IRA to the Sisters of St. Francis
3. Your gift cannot exceed $100,000
Transfers to donor advised funds, charitable remainder trusts, charitable gift annuities, and private foundations do not qualify. There is no income tax deduction for the transfer. For more information, check with your lawyer or tax accountant.
A bequest in a will is the easiest and most common planned gift. Bequests to the Sisters of St. Francis, Oldenburg, qualify for the unlimited estate tax charitable deduction.
A Charitable Gift Annuity is a gift of cash or securities given in exchange for a fixed amount of annual income and tax benefits.
Life Insurance offers an attractive method for making a substantial gift. You can name the Sisters of St. Francis, Oldenburg as a beneficiary and/or owner of your policy, also providing a current charitable income tax deduction. In addition to death benefits, the Sisters of St. Francis can be assigned annual policy dividends, annuity payments, maturing endowments and cash surrenders.
Securities, in the way of stocks and bonds, can be donated outright in favor of reduced taxes.
A gift of retirement assets, such as pension plans or Individual Retirement Accounts (IRAs) may allow you to give more than you thought possible, while eliminating taxes that may otherwise largely consume these assets.
A Charitable Lead Trust is a way to donate the income from your property (bonds, securities, stocks, etc.) instead of making a capital gift. The Sisters of St. Francis would derive income from an asset(s) for a term of years, upon the conclusion of which the asset(s) reverts to you or those that you designate.
For more information on these and other options please contact:
Sister Margaret Maher, OSF
Council Liaison
Sue Siefert
Director of Development
812-933-6460
ssiefert@oldenburgosf.com | 
