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Planned Giving Options
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Leave a Legacy of Transforming Love
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"It was not you who chose me,
but I who chose you and appointed you
to go and bear fruit that will remain"
John 15:16
You may not think you have much of an estate but, considering things like home equity, retirement accounts, and life insurance, you may have a larger estate than expected. A gift from your estate to St. Austin could have a significant impact on our mission. Please consider naming St. Austin Catholic Parish as a beneficiary in a will, trust, retirement plan, or some other deferred giving plan. Bequests, trusts, and other forms of planned gifts provide a foundation for the sustainability and growth of our parish.
The Diocese of Austin has some in depth resources for estate planning on their website. Please contact [email protected] for more information.
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Life Insurance & Investment & Retirement Assets
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Life Insurance & Investment and Retirement Assets
Life insurance pays heavenly dividends.
Retirement assets are tax-deferred accounts intended to promote savings for retirement.Please consider naming St. Austin as your primary or contingent (secondary) beneficiary on your investment accounts, including 401(k), 403(b), IRA, Annuities, or Life Insurance policy. These assets require separate beneficiary forms. The beneficiaries can be easily modified. For workplace accounts, you may be able to make your designation online or through your HR department. For private accounts, contact your investment firm to request a beneficiary designation form.
Please use the following language:
“I designate St. Austin Catholic Parish to receive the sum of [$ ______ or ____ % of my account/policy].”
Because most retirement plans are tax-deferred and therefore subject to income tax to your beneficiaries, retirement assets make ideal gifts to St. Austin. Naming St. Austin beneficiary of retirement assets upon death generates no income taxes. The benefit to St. Austin will be meaningful at your passing. Your legacy will be carried far into the future!
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Tax-Free Gift From IRA
If you're required to take distributions from your IRA, you can donate up to $100,000 of those distributions from your IRA annually to St. Austin as a Qualified Charitable Distribution (QCD). The amount of the QCD can satisfy all, or part of your required minimum distribution; is excluded from taxable income; and allows you to support our parish. Your IRA administrator must send a check directly to the parish. Please be sure to notify us if this is a way you'd like to support our ministry so that we can acknowledge your generosity appropriately!
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