By making a planned gift you are helping to ensure that the mission of Sacred Heart Glyndon is kept alive. Every gift, regardless of its size, is truly a blessing!

In many instances, a planned gift may offer the only opportunity for a friend to recognize or support a special purpose in his or her chosen cause. But several other benefits – including income or estate tax benefits – may also be available, depending on the choice of asset or type of arrangement selected. A planned gift may also be given now, such as a Charitable Tax annuity, so that the charity receives a guaranteed income stream.

We encourage you to consult your financial advisor or attorney about the plan in which you are interested in determining your exact deduction and tax benefits.

Beneficiary Designations – Retirement assets and similar accounts are called Income in Respect of a Decedent (IRD) asset. This is taxable income that is earned during life but not received before death, so it is never included in a tax return. This may be assets in IRA or 403(B) plans, accrued interest on CDs and savings bonds, non-qualified stock options, deferred payment of capital gains, or other income that is earned but not acquired. 

Life Insurance – You may donate an up-to-date policy, purchase a new policy in the Parish’s name and make the premium payments, or name Sacred Heart Glyndon as a beneficiary of a current policy. 
 
Bequests – A charitable bequest is one the easiest ways you can leave a lasting impact on Sacred Heart Glyndon. One may be made in your will or trust directing a gift to the Parish. There are different types of bequests. These are the most common types: 
Specific bequest – this involves asking a gift of a specific asset such a real estate, a car, other property or a gift for a specific dollar amount. 
Residual bequest - this is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving of a percentage of the residue of the estate to the Parish. 
There are no limitations on bequest gifts. Bequests may be made for a general or specific purpose. All bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes resulting in a larger inheritance for your heirs.
In order make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Sacred Heart Glyndon in your estate plan. 
 
Gifts of Stock and Appreciated Securities – Gifts of stock and appreciated securities (shares of common stock in a company or units of mutual funds that are worth more today than when they were acquired) provide an immediate chartable income tax deduction for the full value of the gift the day the gift is completed. The donor also avoids paying the capital gains tax that would result from a sale of securities.

Stock gifts to Sacred Heart Glyndon are processed through Alex Brown, a division of Raymond James. To make a stock gift, please instruct your broker to contact the following:
Aiello Kelly Wealth Management Group
226 Schilling Circle
Suite 270
Hunt Valley, Maryland 21031
ATTN: John L. Kelly (410) 526-6230
aiellokellywealth.com
DTC Number: 0725
Account#: 3100C695 
Account name: Sacred Heart Roman Catholic Congregation, Inc.
 
Charitable Gift Annuities (CGA) – Gift annuities provide a guaranteed income stream for your lifetime and the lifetime of your spouse. Income can be received immediately or on a deferred basis. A CGA allows a donor to make a significant contribution to the parish but also allows you the security of a fixed, reliable income for life.