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Gift Planning

'For we brought nothing into the world, just as we shall not be able to take anything out of it.'  1 Timothy 6:7

Planning Your Giving- Good News About Your IRA- RMD

If you have an IRA and are required to take a required minimum distribution (RMD), we have good news for you. Starting in 2018, the IRS has enacted as a permanent rule moving forward that charitable donations made from one of your tax-deferred accounts will be exempt from taxation up to $100,000 as long as the distribution comes from a qualified account and is donated to a charity that meets the IRS stipulations. Saint Bede is a qualified charity under this ruling!

We are happy to work alongside you and your advisors to help leave a legacy for your family and for your church that will have an impact well beyond your lifetime. Here is a good background article that will give you some additional context.

If you have already made the decision to include Saint Bede in these distributions, here is a draft letter you can share with your IRA provider.

For more information contact Sam Samorian our Director of Development at 757-229-3631 ext. 2315

Make a Gift That Costs You Nothing During Your Lifetime


You can provide for yourself, your family and still leave a permanent legacy for the future of Saint Bede Catholic Church. You can follow in the footsteps of Christ who educated the children by supporting faith formation. Your gift can sustain the presence of the Williamsburg House of Mercy that helps to shelter the homeless, feed the hungry, clothe the naked, and give drink to the thirsty. You can be the hands and feet of Christ!
 

Types of gifts:

  • Bequest through a Will or Revocable Living Trust

  • Naming Saint Bede Catholic Church, Catholic Campus Ministry at The College of William and Mary, or the Diocese of Richmond as a beneficiary of an IRA or other retirement plan

  • Assignment of a life insurance policy

  • A ‘life income’ gift such as a charitable gift annuity or a charitable remainder trust

  • Providing for Saint Bede Catholic Church, Catholic Campus Ministry at The College William and Mary, or the Diocese of Richmond through a lead trust, private foundation, donor-advised fund, or supporting organization

  • Remainder interest in a residence or farm

Planned gifts are donations that are paid at a future date. You may be able to increase your cash flow, diversify your investment portfolio without incurring capital gains, and reduce your income and estate taxes. Documented planned gifts qualify you for membership in the Lumen Christi Society.

 

We also have several Endowment Funds that ensure the continuation of our mission of growing disciples:

 

  • St. Bede Building Fund
  • St. Bede Church Endowment Fund
  • St. Bede Columbarium Fund
  • St. Bede Contingency Fund

Making an online gift to the Endowment Funds can be done through the Catholic Community Foundation of the Diocese of Richmond who serves as our Fund Manager.

The easiest and most common way of making a planned gift is by leaving a bequest in your Will or Revocable Living Trust. Click here for suggested language to share with your attorney.

Click here for Diocese of Richmond Advance Medical Directive to share with your attorney.

For a confidential meeting to discuss which gift is best for your personal situation, you can contact Director of Development, Harold D. "Sam" Samorian Jr., at 757-229-3631 ext. 2315 or email.  Sam will be pleased to work with you and your professional advisors to help you support our mission to bring Jesus Christ to the world.

 


 


 

Back to Support Your Parish

 


Meet some of our members of The Lumen Christi Society


Joanne and John Gignac

Gail and John Miller

Click here for the Lumen Christi brochure