Real Estate. Naming Catholic Charities as a beneficiary to your current paid life insurance policy or purchasing a new policy will give you a charitable income tax deduction. Make an outright gift of a new policy. In my experience as staff manager, I felt environment could be improved, and work hours staggered to meet community needs. Download My FREE Personal Estate Planning Kit. Make an outright gift of an existing policy. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. By making Catholic United Financial Foundation the owner and beneficiary of the charitable life insurance contract, you may be able to take a charitable tax deduction for ongoing premiums paid on the policy. Our legal name is Catholic Charities of Oregon of the Archdiocese of Portland in Oregon. Put your donation to work today and leave a legacy for years to come by planning your bequest to Catholic Charities USA. If you would like to make a difference in someone's life, consider a career at Catholic Charities. Nothing contained herein should be construed as a solicitation for insurance, financial products or annuity products in any state in which Catholic Financial Life is not licensed. As an agency we have grown to more than 60 sites in Nassau and Suffolk. When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a powerful and simple way to support our work. Our members share a common bond. Learn More. *These Benefits are subject to change. Eligible employees receive the following benefits: Medical Insurance; Dental Insurance; AFLAC Cancer Care; Life Insurance; Supplemental Life Insurance; Vision Care (through Medical Insurance Plan) Long- and Short-term Disability Insurance ... deductible donation. Catholic Charities offered the opportunity for development of programs and staff management. Gifts of real estate can be made to Catholic Charities outright or transferred to the organization. There is no income tax benefit with this option, but a possible estate tax benefit. You can take out a new policy and irrevocably name Catholic Charities as the owner and the beneficiary of the insurance contract. Donate Other Assets. Life Insurance. Catholic Charities Caring Careers. Algunas secciones no están traducidas al español y seguirán estando en inglés. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. A gift of life insurance is one way you can make a major contribution to The Catholic Charities Foundation at a relatively low cost. A revocable living trust is set up during your lifetime and can be revoked at any time before death. Click to find out more and download past issues. For such advice, please consult an attorney or tax advisor. Catholic Charities of Fulton & Montgomery Counties is seeking Full-time Residence Counselor a for its 24/7 supervised housing community. For more information, call Jaime Siemon at 607-237-2101 or Nicole Clemons at 607-222-5739, or visit fideliscare.org. Eligible employees will have the opportunity to take advantage of the following benefits: • Health, Dental, & Vision Care • Flexible Spending Accounts (FSA) • 401(k) Retirement Plan • Life and AD&D Insurance • Generous PTO and Sick leave • … Nothing contained herein should be construed as a solicitation for insurance, financial products or annuity products in any state in which Catholic Financial Life is not licensed. Benefits at Catholic Charities. Upon the insured's death, the death benefit goes to benefit the charities selected by you. You contribute to the account, which grows tax-free. There are three ways to give life insurance to Catholic Charities, Diocese of Trenton: Name us a beneficiary of the policy. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Life Insurance to Replace Gift Life insurance can also be used to replace an asset that has been given to Catholic Charities . We were established more than 50 years ago on Long Island to serve the poor and vulnerable. Stay informed of our products and services, as well as happenings in the company, our branches, and society. Permanent life insurance provides coverage throughout your entire lifetime, as long as the premiums are paid. You may choose to designate Catholic Charities as the beneficiary, or partial beneficiary, of a life insurance policy. Learn More. Find Out More. Catholic Charities offers excellent benefits including: medical, dental, life insurance, pension plan and generous paid time off plus a supportive work environment and competitive pay. Seek the advice of your financial or legal advisor. Figures cited in any examples are for illustrative purposes only. The value of life insurance is equal to two times an employee's current salary rounded up to the next thousand. Insurance products are issued by Mutual of America Life Insurance Company, 320 Park Avenue, New York, NY 10022-6839. Catholic Charities believes that equal opportunities for all applicants and employees is important for the success of the organization. Term Life Insurance may be right for you! The person receiving the gift annuity payments. Established in 1976, Sharelife is the annual charitable fundraising appeal of the Archdiocese of Toronto - ensuring people have access to social services based on Catholic values and respect for the sanctity of life at all stages. A beneficiary designation clearly identifies how specific assets will be distributed after your death. I offer three ways in which to help charities with gifts of life insurance: For patients who have a referral from a primary care clinic, we help connect those patients with a medical specialist office when the patient does not have insurance to cover. You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. There are three ways to give life insurance to Catholic Charities: Name us a beneficiary of the policy. A donor advised fund is an account that you set up but which is managed by a nonprofit organization. Learn more about this simple gift by downloading your FREE copy of our informative guide Change Lives With Life Insurance. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift when you itemize. Securities, real estate or any other property having a fair market value greater than its original purchase price. Tax and Financial Benefits of Giving Life Insurance They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes. Catholic Charities is pleased to offer a rich benefits package with flexibility that meets the needs of each staff member and their family, including*: • Health and dental benefits • Free life insurance, along with optional supplementary life insurance • Short and long-term disability Life insurance benefit amounts are reduced after the age of 70. Catholic Life Insurance Magazine. You can designate us as the primary beneficiary for a percentage or specific amount. Life insurance policies; Commercial annuities; It only takes three simple steps to make this type of gift. Our members are unique individuals, but they share the same values. This gift is as simple as updating your beneficiary designation form with the policy holder. Annuities are subject to regulation by the State of California. Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land. How it works : After a donor makes a gift to Catholic Charities , the tax savings produced by the charitable deduction are used by his or her children or an irrevocable trust to purchase and pay the premiums on a life insurance policy on the donor's life. The most attractive advantage using life insurance is that it allows one to make a much larger gift to a charity. The information on this website is not intended as legal or tax advice. Catholic Financial Life All Rights Reserved, Guaranteed coverage at a fixed monthly cost for a specified period of time, usually 10, 20, or 30 years, Option to convert to a Permanent Life Insurance policy, Coverage for temporary needs e.g. Catholic Charities of Corpus Christi, Inc. 615 Oliver Ct., Corpus Christi, Texas 78408 Pledges You may spread your gift over six months and up to five years. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. Donate by Phone 412-456-6953 We provide a drug-free, smoke-free environment to all our employees. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn't survive you. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift when you itemize. You give assets to a trust that pays our organization set payments for a number of years, which you choose. You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. A charitable bequest is one or two sentences in your will or living trust that leave to Catholic Charities a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate. This is an excellent way to transfer property to family members at a minimal cost. Catholic Financial life is not licensed in all states. The Roman Catholic Archdiocese of Ottawa was erected as the Diocese of Bytown in 1847 and raised to the status of Archdiocese of Ottawa in 1886. Seek the advice of your financial or legal advisor. All premiums paid by the donor are tax-deductible. Life insurance Catholic Charities provides life insurance and pensions for all full time employees. an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan, "I give to Catholic Charities, a nonprofit corporation currently located at 924 G Street NW, Washington, DC 20001, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.". Catholic Charities is an Equal Opportunity Employer. This gift is as simple as updating your beneficiary designation form with the policy holder. the part of an estate left after debts, taxes and specific bequests have been paid, a written and properly witnessed legal change to a will, the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will. Gifts of Life Insurance. You can name us as owner and beneficiary of an existing policy. Navigating aging-related services can be … Work-life balance Work-life balance at Catholic Charities is good. An endowed gift can create a new endowment or add to an existing endowment. Catholic Financial Life is sponsoring the "Sunday Reflections," presented by the bishops of the Archdiocese of Milwaukee, to help us through the spiritual dimension of this crisis. You cannot direct the gifts. The longer the length of time, the better the potential tax savings to you. When using life insurance for charitable gifting, it is important to consider different strategies and the different tax benefits. Learn More If you include Catholic Charities in your plans, please use our legal name and federal tax ID. Naming individuals and charities that will receive your assets after your death can be a simple process. A charitable gift annuity involves a simple contract between you and Catholic Charities where you agree to make a gift to Catholic Charities and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. Fidelis Care is a mission-driven health plan offering quality, affordable coverage for children and adults of all ages and at all stages of life. Please provide the following information to view the brochure. When the trust terminates, the remaining principal goes to Catholic Charities as a lump sum. 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