Giving & Donations » Diocesan Planned Giving Program
A “planned gift” is a gift given to a charity through a will, contract or trust. It is often deferred and usually spread out over an extended period of time.
Popular examples of Planned Gifts include bequests of money, stocks or tangible possessions; as well as insurance policies and Charitable Gift Annuities.
For more information on Planned Giving, click here.
Outright cash gifts are the most common form of giving to the Diocese of Syracuse. Your gift becomes immediately available to support important diocesan ministries and services. The diocese accepts cash, checks, credit cards, debit cards and on-line donations. The donor will be credited with the full amount of his or her cash gift - which may by tax deductible.
Gifts in memory of deceased friends and loved ones or gifts that honor living individuals are gratefully accepted by the Diocese of Syracuse. Such contributions are often used to reflect the special interests of the person honored. Any gift to the Diocese may be designated in memory of or in honor of a loved one.
If you own long-term securities that have appreciated in value, you may prefer to contribute securities to the Diocese rather than cash. In this way, there may be both capital gains and tax deduction benefits. Please contact the Office of Stewardship and Development for the proper form and stock transfer instructions at 315-472-0203.
Charitable trusts can result in significant support for the work of the Diocese of Syracuse, while also securing your financial future and reducing taxes for you and your heirs. Through a charitable remainder trust, you can provide income for yourself or a loved one and benefit the Diocese as well. You specify the amount of payments to be distributed (at least 5% per year), to whom payments are to be paid, the duration of payments (a period of years or the beneficiary's lifetime) and the charity that will receive the remainder. The trust may be set up for the lives of the beneficiaries or for a term of up to 20 years.
A charitable gift annuity is a simple life income agreement between a donor and the Diocese of Syracuse. In exchange for your gift of cash or negotiable securities only, you receive fixed payments for your lifetime and/or the lifetime of another person. You may be entitled to a partial tax deduction in the year of the gift, and a portion of each payment is tax-free for a period of years as well. The size of the payments is based on the amount of the gift and the annuitant's age. Gift annuity plans start at $10,000, and are restricted to donors 65 years and older.
Life insurance may be an especially attractive gift vehicle if you own a policy that is no longer needed for its original purpose. In addition, those who qualify for low-cost premiums may find it more affordable and convenient to plan a significant gift to the Diocese using life insurance. By naming the Diocese of Syracuse as the owner and beneficiary of a life insurance policy, the donor may be entitled to an immediate tax deduction for the accumulated cash value of the policy (if any) and a future deduction for any subsequent premiums that he or she pays.
Real property gifts will be accepted at the discretion of the Diocese after a review of all relevant factors. Because of the complexities and issues involved, the Diocese has adopted a set of procedures. Please contact the Office of Stewardship and Development for more information.