PLANNED GIVING OPTIONS

WILLS AND TRUSTS

Making a bequest in your will or trust is a simple way to leave a lasting legacy in your name for St. Paul’s and the seniors we serve. You can choose what you want to bequeath from your estate – a set amount of cash or a percentage of your estate or appreciable assets such as stocks or securities. Your gift can be subject to specific events or conditions and may be eligible for an estate tax charitable deduction.

If you would like to include a gift to St. Paul’s through a provision in your will or living trust, the following language may be helpful to your attorney: “X% (or dollar amount) of donor’s name estate should be designated to St. Paul’s Senior Services Foundation, Tax ID #33-0627795.”

LIFE INSURANCE

A gift of life insurance is an often overlooked, yet beneficial, method of making a meaningful contribution to St. Paul’s Senior Services. If you are carrying more insurance coverage than your family now requires, you may find a hidden surplus gift asset in a paid-up policy. You can also create a future gift at a lower cost by taking out a new policy on your life and naming St. Paul’s as the owner and beneficiary.

CHARITABLE GIFT ANNUITY

A Charitable Gift Annuity is available to people 65 years of age or older. It involves signing a contract whereby you transfer cash to St. Paul’s in exchange for a partial tax deduction and a lifetime stream of annual income at a guaranteed rate. A typical Certificate of Deposit is paying under 1% interest and a savings account is paying even less. For someone 70 years old, a charitable annuity offers a return of over 5%, and the rates just get higher for those who are older.

ST. PAUL’S HERITAGE SOCIETY

By designating a planned gift to St. Paul’s, you will become a member of our Heritage Society, a philanthropic group of engaged supporters ensuring a bright future for seniors that values dignity, independence, and choice at all stages of life.

For more information on how to become a Heritage Society Member, or to learn more about any of these planned giving options, please contact David Mulvaney, Director of Donor Engagement, at 619-239-6900 or dmulvaney@stpaulseniors.org