The Planned Giving Program solicits bequests and planned gift arrangements.  As a beneficiary you can make a charitable gift and/or receive lifetime income because of your support for your parish and/or diocesan organization or program.  All gifts created by a will, bequest or life income program will be used for purposes congruent with the objectives of the Diocese of Ogdensburg. 

The Diocese of Ogdensburg accepts gifts that take the form of:

1.) Bequests included in a will or a bequest included in a trust.

2.) Gifts of cash and/or other assets with income reserved for your life and/or other beneficiary. Several common forms of planned gifts with retained life income are:

• charitable Gift Annuity 
• Pooled Income Fund  
• Trusts, as required by the size of the gift

3.) Gifts of a personal residence, farm or cottage with life use (life estate) and enjoyment retained by the donor.

4.) Gifts of life insurance policies, stocks and/or bonds.

Bequests
The easiest and most common form of a planned gift is made through a will.  Federal and state laws encourage bequests.  A bequest is an excellent way to support the Diocese of Ogdensburg without taking away from any provision made for your family.

Charitable Gift Annuity
A Charitable Gift Annuity is a legal arrangement which you irrevocably transfer cash or securities to our segregated Gift Annuity fund in exchange for our promise to pay you a fixed amount each year for the rest of your life.  The amount you receive is determined by the amount of your gift and your age at your nearest birthday at the time of your gift.  The older you are when you make the gift, the higher the rate of return.  Once your annuity is established your income remains constant.  It is not affected by adverse economic conditions.

You receive an immediate income tax deduction which may be taken on your income tax  return the year of the gift or in the following 5 years.  A portion of your payments are tax-free, also.

An example of the Single Life Gift Annuity Rates

Pooled Income Fund
The Pooled Income Fund is a giving plan which you receive for life an income that has the possibility of growth through the years.  This “pools” funds together for investment purposes, and distributes the fund’s earned income on a proportional basis to all participants.  When the last named income beneficiary of the gift passes away, that portion of the fund principal associated with the gift is made available to the final beneficiary in the Diocese.  Our pooled income fund is invested by experienced and competent individuals.  The income tax charitable deduction generated by shifting your investment actually increases the return on your assets.  If you prefer not to manage your funds any longer, our fund takes over that chore for you.