How to Give

Legacy & Planned Giving

The Foundation for the Diocese of El Paso helps individuals and families within our parish community create a legacy for the Church.

The Foundation accepts gifts and pledges of cash, current assets, and planned gifts, including life insurance, charitable gift annuity, appreciated securities, retirement plans, real property, and charitable remainder trusts. Donors may create a Named Fund with a minimum contribution of $10,000 over a five year period. Donors may designate their gifts to the ministry, parish or school of their choice. If you are interested in legacy and planned giving, please contact our major gifts officer Sofía Larkin at 915-872-8412.

Below are some of the the many ways to leave a legacy for the Church.

Appreciated Securities (Stocks and Bonds)

Whether it's 100 shares of blue-chip stock or a new high-tech gadget, the government allows you to deduct the gift of stock as a charitable donation. Giving a gift of appreciated stock also helps you avoid capital gains tax on the transfer. This double benefit means that you can leverage a larger donation by using appreciated securities rather than cash to make your gift.

Bequests

A bequest made through your will is one of the easiest and most effective ways to make a planned gift while providing for the security and well-being of your loved ones. When you create a will, you have the ability to determine how your assets are distributed at your death to the individuals and charitable organizations of your choice. Including a bequest in your will to a charitable organization such as the Foundation for the Diocese of El Paso may be the best way to make a meaningful gift and achieve important tax benefits for you and your family.

Charitable Gift Annuities

Depending on your age, you are eligible for payments from a Charitable Gift Annuity each year for life. And you can qualify for an immediate tax deduction when you establish the annuity and have a partial tax deduction on annuity payments for years to come. Charitable gift annuities are an extremely flexible way to make a gift. They can be designed to provide a fixed income for life for you and your spouse and/or others you choose. They are simple to create and can be funded with gifts of relatively modest amounts.

Charitable Remainder Trusts

Trusts are very flexible planning tools that can be used to accomplish a wide range of goals. Some people rely on them to reduce property management chores. Others use trusts to delay distribution of property to heirs on account of their age or other reasons. Trusts also allow a person to arrange for their property to first be put to one use, then to another. For more information or to set up a Charitable Remainder Trust, contact the Foundation for the Diocese of El Paso.

Life Insurance

You may own an insurance policy that has a substantial cash surrender value, yet the original purpose for the protection no longer applies. The policy might have been purchased initially to provide financial security for a spouse now deceased, to educate children now grown or for liquidity to pay death taxes when liquid assets were in short supply. This policy can be a hidden asset, available to be used for your philanthropic purposes. You can name the Foundation for the Diocese of El Paso as the owner and beneficiary of a policy and receive an immediate income tax charitable deduction. There are also other options available to donors interested in retaining ownership of a policy as an asset for financial security. 

Real Property

The single most valuable asset many persons own is their home. It is also a way to make a significant charitable contribution during your life or upon your death. For many donors, leaving your home to charity avoids the troublesome transfer of the asset to the children or family you leave behind. You can leave your home to the Foundation for the Diocese of El Paso directly through your will, or you can use a life estate arrangement to make a gift of your home or other property now while retaining the security of knowing you may live there as long as you wish. You enjoy the full rights and responsibilities of ownership. Because you will make a gift of the property at your death, you receive a charitable income tax deduction for part of the value of the property immediately.

Retirement Plans

Give your IRA or 401(K) to charity. You may find that your retirement plan can be an excellent additional "pocket" from which to make all or a portion of your charitable gifts each year. For more information or to give from your retirement funds, contact the Foundation for the Diocese of El Paso.

If you are interested in legacy and planned giving, please contact our major gifts officer Sofía Larkin at (915) 872-8412