PLANNED GIVING AND ENDOWMENTS
You Can Impact Future Generations of Providence Cristo Rey Students by Making a Planned Gift Part of Your Legacy
We are grateful that you have an interest in learning more about securing the future of Providence Cristo Rey so that we remain a viable secondary education option for future deserving students. By doing so, you will become part of the Our Lady of Providence Planned Giving Society. Your planned gift creates opportunities for brighter futures for many young men and women in our community. Thank you for your consideration.
Why does my planned gift matter?
Planned Giving offers you the opportunity to make a significant impact that may not be possible from your current income in addition to the satisfaction of knowing that you are making a difference that is important to you. Your planned gift options are many – please consult your financial advisor to make the best decision for you and your family. The most popular ways to make a Planned Gift are listed below. Should you have additional questions, please contact Sandy in the Development Office. If you have already decided to include Providence in your legacy giving, we would appreciate being made aware once it is finalized. Simply complete this form and return to us via email or postal mail.
Popular forms of Planned Giving:
Bequest – A bequest is a popular and simple way to make a planned gift. Bequests are ‘outright’ gifts, charitable contributions made via a legal will. Such gifts can be given to Providence as a specified amount, as the remainder of a donor’s estate after all other bequests have been paid, or as a percentage of a donor’s total wealth.
Qualified Charitable Distributions or QCDs – for those 70 ½ or older a QCD is a direct transfer of funds from your IRA custodian payable to Providence. QCDs can be counted toward satisfying your required minimum distributions for the year. The amount donated is excluded from taxable income. Maximum annual amount that can qualify for a QCD is $100,000.
Planned gifts that pay income:
Charitable Gift Annuity – A charitable gift annuity allows a donor to give a large amount of cash or securities to Providence in exchange for a fixed income payment for life. Providence would keep any leftover funds as well as any income made by investing those funds.
Charitable Remainder Trust – There a couple of types of charitable remainder trusts but each of these directs remaining funds to Providence after the trust is terminated. Such a trust pays the donor a fixed amount based on a percentage of the initial assets used to fund the trust. (Note: with a Charitable Remainder Unitrust, the donor is paid a percentage of the principal and it is revalued annually so that payments increase over time).
Charitable Lead Trust – a trust that pays ‘income’ to Providence for a specified number of years or for the donor’s lifetime. When the term is up, the assets are returned to the donor or their beneficiaries.
Beneficiary designation – such as those from a life insurance policy; you can indicate that Providence is one beneficiary or the sole beneficiary of one or more policies.
Providence Cristo Rey High School, Inc. is a 501c3 organization and is eligible to receive tax-deductible contributions.
Providence Cristo Rey High School
2717 S. East St.
Indianapolis IN 46225