Ways to Give

Giving securities is a wonderful gift that can help you avoid capital gains tax.

To make a stock gift, simply follow the instructions below. Questions? Contact Bryan Fegley at bfegley@evangelicalcatholic.org or (608) 820-1288.

1. Contact your broker and request they transfer a specific number of shares from a specific company to the “The Evangelical Catholic” (see below). They may request a letter from you to authorize the transfer.
2. Give your broker the following transfer information:
   • Account Name:
   • Tax ID:
   • DTC:
   • Account #:
   • Credit Account #:
   • Reference: [Donor’s Name Here]
   • Brokerage Firm:
3. Send notice of your transfer by letter or email to Bryan Fegley, Senior Director of Mission Advancement. This is to ensure transfers are not unidentified and directed where you indicate. You can reach him at bfegley@evangelicalcatholic.org or (608) 820-1288. Please tell him a) the company and b) the number of shares you plan to transfer, and where you’d like to direct your gift.
4. You’ll be notified and thanked when the gift has been received by our office.

If you are transferring stock from a joint account, both account owners may need to authorize the transfer. You can contribute stock from several companies held within the same account.

Please check with your broker soon after authorizing the transfer to ensure that the transfer is complete, especially if you initiate this gift shortly before December 31.

Keep in mind, transfers of securities can sometimes take multiple days. It is recommended you initiate transfers well before any important tax dates, such as December 31.

Questions? Contact Mission Advancement at bfegley@evangelicalcatholic.org or (608) 820-1288. We’re happy to help you!

Note: it is the general policy of the Evangelical Catholic to sell donated stock upon receipt, then direct the proceeds as you’ve designated.

Before making a gift of real estate, please contact Mission Advancement at bfegley@evangelicalcatholic.org or (608) 820-1288.

Unfortunately, not all property can be accepted, and due diligence is required to protect the donor and the province from costly errors.

For thousands of years, the gift of land has made some of the Church’s most inspiring places of worship and study possible.

Similarly, the funds from property sales have also advanced the Evangelical Catholic’s mission in profound ways. Your gift of real estate can continue that great tradition.

Real estate can be donated even while you continue to use it (aka “Life Estate”), and can offer significant savings on your taxable estate.

Appraisals are needed, and unfortunately, not all property can be accepted.

Making gifts from your IRA, 401(k), 403(b), ESOP, or other qualified plan, can offer you some unique advantages such as:

• Avoid income and estate taxes levied on the assets left in your plan.
• Use the charitable deduction of the gift to offset other taxes.
• Eligible starting at 70 ½ years old.
• At 72, use a gift from the plan to meet the minimum withdrawal requirement.
• Can continue to make withdrawals from the plan during your lifetime.

How to Make a Gift

Ask your plan adviser for a change of beneficiary form, and make the “The Evangelical Catholic” a beneficiary. Our relevant tax and contact information is here.

Upon your death, all (or a portion) of the assets left in your plan pass to the Evangelical Catholic.

You can make a deferred gift to the Evangelical Catholic using life insurance. This may allow you to make a larger contribution than you thought possible.

Benefits may include a current income tax deduction for the gift of the policy, continuing income tax deductions for periodic premium payments, removal of the insurance from your taxable estate, and the satisfaction that comes from making a gift to benefit the EC.

Types of Insurance

Term Life Insurance is rarely used to make a charitable gift as the policy doesn’t provide an internal cash buildup or any benefits other than payment of the face value upon death.

If required premium payments are made, paid-up Whole Life Insurance can make an excellent gift as there is a cash buildup as well as a death benefit.

If you make the Evangelical Catholic the owner of your policy, you may be eligible for an income tax deduction for the gift of the policy. And any annual gifts made to the province to pay future premiums will qualify for an income tax deduction.

You can also make a gift of a “paid-up” life insurance policy, which can either be cashed in by the EC immediately, or held to receive the benefits at a later date.

Life Insurance policy gifts can be transformational, used for major projects, advancing important programs, or starting endowments.

Benefits

Making a gift of your life insurance policy can:

• Allow you to make a low-cost gift to charity, one that doesn’t adversely affect your cash flow.
• Make a larger gift to charity than you man have thought possible
• Enjoy an immediate income tax deduction for the cash value of a surrendered policy.

How to Make a Gift

Ask your plan adviser for a change of beneficiary form, and make the Evangelical Catholic a beneficiary or owner of your life insurance policy.

A will is an important part of protecting your loved ones and values. Yet, it’s often something we put off for too long.

A “bequest” in a will is also one of the easiest ways to make a planned gift to one or numerous charities.

For example, you can decide that, upon your passing, all (or a portion) of your estate or trust can be donated to the Evangelical Catholic.

Wills allow you to:

• Use and control your assets during your lifetime.
• Make a gift to charity upon your death.
• Claim an estate tax charitable deduction, potentially reducing your family’s tax obligations upon your death.

How to Make a Gift

For your convenience, sample bequest language is given below that you can use with your advisor in writing your own will.

Always consult your professional adviser before making financial or legal decisions.

Sample Bequest Language

Bequest of Cash
I give to the Evangelical Catholic
the sum of $______________ to be used for the greatest need [or to be used for stated purpose goes here.]

Bequest of Property
I give to the Evangelical Catholic
[Description of property] to be used for the greatest need [or to be used for stated purpose goes here.]

Bequest of the Complete (or Partial) Residue of Estate
I give to the Province of the Evangelical Catholic
all [or ________% of the remainder and residue] of my estate to be used for the greatest need [or to be used for stated purpose goes here.] To the extent that my estate has items of “income in respect of a decedent” available for distribution, those items shall be allocated first to any gifts under this Will qualifying for the federal estate and income tax charitable deductions.

Though not required, it is helpful to have a copy of the page of relevant provisions from your will or trust showing the Evangelical Catholic as a beneficiary. To send us a copy of your bequest to the EC, please send it to bfegley@evangelicalcatholic.org or by mail to our Madison office at:

6602 Normandy Lane FL 2
Madison, WI 53719.

Benefits of gifts of cash

• You can make an immediate impact on our mission
• You can take a charitable income tax deduction

How to make a gift of cash

Mailing a gift of cash – You can send us a check or money order. Please let us know if you want your gift used for a specific purpose by indicating that purpose either in the memo line or in a letter to us.

More on gifts of cash

Did you know that you can mail a check on December 31st and, even if the check is not received and cashed by the Evangelical Catholic until after the new year, the IRS will allow you to take a deduction in the year the check was mailed? Keep this in mind for year-end tax planning!

Contact us

If you have any questions about gifts of cash, please contact bfegley@evangelicalcatholic.org or (608) 820-1288

Contact Bryan Fegley, CFRE, at bfegley@evangelicalcatholic.org or (608) 820-1288 and he’ll walk you through the process.

The basic steps to establishing a named endowment are:

1. Discern where you’d like your endowment to make an impact.
2. Transfer the corpus of your endowment (min $25k) to the Evangelical Catholic (cash, stock, real estate, etc. can all be used).
3. The EC will recognize your gift and transfer the assets to our fund managers, who will establish the endowment in the name you designate (e.g. The Smith Family Endowment).
4. You’ll receive annual reports on the impact of your endowment.
5. Contribute additional funds to the EC at any time to grow your endowment faster and increase your impact.