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Gifts by Will

Gifts by Will

Through various types of bequests to St Ronald, you may secure an estate-tax charitable deduction for the value of your gift while providing much-needed support to St Ronald Parish for years to come.

You may prefer to include in your will or trust a sum of money, a percentage of your estate, a specific item, or a piece of real estate that you wish to give to the church.

Whatever form of bequest you choose, this gift would not be subject to federal estate taxes and therefore significantly reduces the tax burden of the estate. The value of the bequest may be deducted when the taxable estate is determined, and there is no limit on the deduction amount.

Including St Ronald in your Will

A bequest may take the form of cash, securities, real estate or other property. You should specify that the church is to receive a certain amount or percentage of your estate, specific assets or the remainder of your estate after providing for your heirs.

Following are some examples of bequests:

  • Specific bequests make a gift of a specific dollar amount or specific assets, such as securities, real estate or personal property
  • Residuary bequests give all or a portion of the rest, residue and remainder of your estate after payment of expenses and any specific amounts designated to other beneficiaries
  • Contingent bequests result in a gift to the Church only in the event of the death of other beneficiaries or the fulfillment of certain conditions described in your estate plan

In addition gifts can be specified for a specific purpose:

  • General church operating budget. This is an unrestricted gift and would be used for church operating expenses at the discretion of the pastor after receiving advice from the Finance Council.
  • Building and maintenance. This gift would be used for the improvement and upkeep of the buildings and grounds.
  • Endowment. This gift would provide for the continuing support of St Ronald Parish

Example Bequest Language

The following includes several examples of suggested bequest wording to benefit St Ronald Parish. Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage you to consult your attorney, tax professional and/or financial advisor when determining the best verbiage for your intention.

Percentage of Estate-for unrestricted purposes

I hereby give, devise and bequeath to St Ronald Parish, a nonprofit Catholic Church in Clinton Township Michigan, _____ percent (%) of the rest, residue, and remainder of my estate as an unrestricted gift to be used in the area of greatest need at the time the gift is received. I may choose at a later date to enter into a separate agreement between myself and the Church related to the use of this gift and would request that the Church utilize the gift in accordance with the terms of that agreement.

Percentage of Estate-for a specific purpose

I hereby give, devise and bequeath to St Ronald Parish, a nonprofit Catholic Church in Clinton Township, Michigan _____ percent (%) of the rest, residue, and remainder of my estate to be used for _______________________________ at the Church. It is understood and agreed that should the purpose for which this bequest is instituted cease to exist, then the Church may devote said bequest for other such uses and purposes as it determines to be in accordance with my original intent in making this gift.

Specific Amount-for unrestricted purpose

I hereby give, devise and bequeath to St Ronald Parish, a nonprofit Catholic Church in Clinton Township, Michigan, the sum of ____________ dollars ($) as an unrestricted gift to be used in the area of greatest need at the time the gift is received.

I may choose at a later date to enter into a separate agreement between myself and the Church related to the use of this gift and would request that the Church utilize the gift in accordance with the terms of that agreement.

Specific Amount-for a specific purpose

I hereby give, devise and bequeath to St Ronald Parish, a nonprofit Catholic Church in Clinton Township, Michigan, the sum of _____________ dollars ($) of the rest, residue, and remainder of my estate to be used for _____________________________ at the Church. It is understood and agreed that should the purpose for which this bequest is instituted cease to exist, then the Church may devote said bequest for other such uses and purposes as it determines to be in accordance with my original intent in making this gift.

St Ronald Parish Federal Tax ID #: 38-1992483

The information we have provided above is for estate planning purposes and is not meant to be legal or tax advice. If you have any questions please do not hesitate to consult your financial planner or estate attorney.

Please let us know if you have already included St Ronald Parish as a beneficiary of your estate. We would like to thank you and recognize you for your gift.