Remember St. Patrick in your Will or Estate Plan
Your gifts to St. Patrick Church of Merna make a positive and lasting impact on our Parish and Parishioners . Your estate gift or bequest through your will can be a meaningful testament to your faith, and an inspiration to family and friends. Your gift can be a force for life-changing ministry.
Types of bequests include:
- Specific Bequest allows you to designate a specific dollar amount of asset, such as stock, real estate, coin, etc. be give to an individual or organization.
- Residuary Bequest allows you to specify a percentage or the remainder of your estate to be given to an individual or organization.
- Contingent Bequest is based on another, specific event occurring prior to the distribution of your assets.
IRA Charitable Rollover
The IRA charitable rollover law may provide a very good charitable giving vehicle if you are age 70 ½ and take the standard deduction rather than itemize deductions on your tax return. The law may also reduce the tax impact on your Social Security benefits.Your IRA could be considered a special fund for distributions to the Church and charities without the normal consequences of reporting additional taxable income.
The distribution must be from your IRA, not a 401(k) or other retirement plan. However, consult with your financial or tax advisor about the possibility of transferring funds from one of these other plans to establish an IRA, with the distribution to charity coming from the newly established IRA.
Make a gift in honor of or in memory of someone
Make a gift in honor of or in memory of someone. As Catholics we are richly blessed in many ways. Please contact Georgia LaFayette at the Parish Office for more information at 309-662-7361.