Planned Giving

While donating cash is the simplest and most popular way to give a gift, some individuals and families are interested in other planned giving opportunities.  As you consider ways to support our mission, let us help you find rewarding planning strategies with unique combinations of tax savings and personal satisfaction. 

If you are interested in discussing your planned giving goals and how you can partner with the Catholic Youth Organization, please contact Jack Schmitz, CYO Executive Director, at 317-632-9311 or jschmitz@cyoarchindy.org or Jolinda Moore, Executive Director of Stewardship and Development for the Archdiocese of Indianapolis, at 317-236-1462 or jmoore@archindy.org. 

Catholic Youth Organization EIN: 35-0867983
CYO Camp Rancho Framasa EIN: 90-0657156

Gifts of Stock

A gift of appreciated stock (held for more than one year) can play an important role in financial and philanthropic planning.  Under the right circumstances, giving appreciated stock can allow you to make a significant contribution without affecting cash flow.  The tax benefits affecting both income and capital gains dramatically increase the impact of these gifts.  A gift of appreciated stock allows a deduction for the full fair market value, even if the stock was purchased for substantially less.  In a sale, such a gain would incur the capital gains tax, but gifting the stock avoids that tax, no matter the amount of the appreciation. 

Donating stock and mutual funds is completed through three easy steps:  initiate the transfer with your broker, notify the archdiocese about the transfer and finally confirm your transfer with your broker. 

IRA Charitable Rollover

If you are 70 ½ or older and own an IRA, you can make a gift using a direct transfer of funds from the IRA to the CYO.  Transferred amounts count toward the required minimum distribution, but no tax is due on the distribution (up to $100,000 annually).  At any time during the year, simply notify your IRA custodian to make a direct transfer of the required distribution amount from the IRA to the CYO.  This is not only an easy way to give, but it can play a strategic role in your annual planning and have an immediate impact. 

Bequests

Making a gift to a charity in your will is simple, and it lets you retain full use of the property during your lifetime.  Since a gift in your will can take many forms, you have considerable flexibility.  You can leave a specific asset, a specific sum of money, a percentage of your estate or what remains of your estate after you have provided for other beneficiaries. 

Beneficiary Designations

 A beneficiary designation is another way to make a meaningful and flexible charitable gift.  It’s easy to name the CYO as the beneficiary of a life insurance policy, revocable trust or retirement plan.  Making a charitable organization the beneficiary of a retirement plan and leaving other assets to loved ones can provide income tax relief for your heirs and possibly estate tax savings as well. 

Tax information provided herein is not intended as tax or legal advice and cannot be relied on to avoid statutory penalties.  Always check with your tax and financial advisors before implementing any gift.