Whether you think of yourself as rich, poor or somewhere between, your planned gift will help St. Vincent de Paul Diocesan Council of Dallas fulfill our mission now and long into the future, and will serve as an example to your heirs of the values and ideals you hold dear.
What is a planned gift and why should I consider making one?
A planned gift is any financial gift that takes effect at death or requires a document such as a will, gift annuity or trust. A planned gift allows you, as a donor, to demonstrate your values and beliefs to your family and community and leave a lasting legacy to the causes to which you have committed yourself during your lifetime.
How do I include St. Vincent de Paul in my planned giving?
Bequest from Your Will or Living Trust
You can easily make a charitable gift of a specific dollar amount, a percentage of your estate/trust, a certain asset or make the Society of St. Vincent de Paul Endowment Fund a “residual beneficiary”. In addition to very generous charitable gift, your trust or estate receives an estate tax deduction as well.
Beneficiary Designation from a Retirement Plan
By designating the Society of St. Vincent de Paul as a beneficiary of your IRA or retirement plan, you support the important work and avoid both estate and income tax. All that is required is to name “The Catholic Foundation for the benefit of the Society of St. Vincent de Paul Diocesan Council of Dallas” as owner for a portion of all of your IRA qualified retirement plan.
Charitable Gift of Life Insurance Policy
You can assign whole life insurance policies and name “The Catholic Foundation for the benefit of the Society of St. Vincent de Paul Diocesan Council of Dallas” as beneficiary. In return for your generosity, in most cases you receive a tax deduction for the premiums you have paid.
An Endowment is a fund that is invested to produce maximum total returns that are used to fund program expenses. An endowment gift may be given for general purposes and used at the discretion of the Board, or it may be expressly designated, or restricted, for a specific program. Endowment funds are intended to last forever, with investment income and gains providing 4% to 7% for annual spending while at the same time growing the funds to assist future generations. For example, a $10,000 endowment gift will provide $400-$700 each year for SVdP programs. Endowment funds are critical to the long-term health and stability of non-profit organizations like the Society of St. Vincent de Paul. They enable the Society to level out its funding sources over good times and bad. The working poor and homeless individuals and families whom we serve are especially in need of food, rental assistance and medical attention when the economy is poor and donations decline. Endowment funds ensure that these important services can be provided over the long term.
The St. Vincent de Paul Endowment Fund of the Catholic Foundation
Our council has established a permanent endowment fund at The Catholic Foundation that is uniquely ours which will provide annual support for our community, programs and operating expenses. You can specify that your gift is added to our endowment or for a specific need at the council.
For additional information on planned giving or establishing an endowment please email firstname.lastname@example.org or call 214-520-0650 ext 120. If you need more advanced information about planned giving, we have partnered with The Catholic Foundation to provide you with the most up to date ways of fulfilling your charitable intentions.
Legacy of Hope Circle
The St. Vincent de Paul Legacy of Hope Circle was formed to honor the individuals and families that have made long-term commitments to the Dallas Council through planned gifts such as bequests or beneficiary designations of retirement plans. The support can be ultimately expressed in many different ways. For example, you can make your gift to an endowment at The Catholic Foundation for the benefit of The Society of St. Vincent de Paul Diocesan Council of Dallas, to the council directly, or establish your own endowment to support a specific need at the Society of St. Vincent de Paul Diocesan Council of Dallas.
Your planned gift will be publicity recognized unless you prefer to remain anonymous. Please let us know if you have generously included St. Vincent de Paul Diocesan Council of Dallas in your estate plans. It will give us the opportunity to show gratitude.
Please feel free to contact us directly for information or assistance on a confidential basis.