PLANNED GIFTS: PLANNING YOUR LEGACY
Our Founder, St. Paul of the Cross, believed that the Passion of Christ was "the most overwhelming work of God's Love" and that "renewed awareness of the suffering of Christ could lead people out of isolation and despair to a deeper faith and love for God and neighbor." Gift planning is finding ways to make charitable gifts now or after your lifetime while enjoying financial benefits for yourself and your family. Determining what gift is right for you is just as important as making the gift. Gift planning will help you accomplish both.
The benefits of estate planning are:
- The most important benefit of Legacy Society membership is the knowledge that your gift is being used to further Mater Dolorosa's mission and many programs.
- Your gift helps Mater Dolorosa remain a viable retreat center ministering to those who need an environment of peace and solitude to feel closer to God.
- Your gift is building a legacy for future generations.
- You will be remembered in the prayers and good works of the Passionists.
- Acknowledgment of your gift in a place of honor as a Mater Dolorosa Legacy Society member.
Ways to Give
Through gift planning, you can secure your own financial future, as well as the people and organizations you care about. Planned or deferred gifts may include the following:
Wills: Make a will! Include a paragraph that describes each bequest (a specific gift) to Mater Dolorosa Passionist Retreat Center
Trusts:Â You may choose to set up a living trust to avoid probate. As in a will, you can list specific gifts from your estate to Mater Dolorosa.
Beneficiary Designations:Â Mater Dolorosa can be named as a beneficiary of life insurance policy, your IRA, donor-advised fund or other retirement accounts and you may receive a number of favorable tax benefits.
Retirement Accounts: If you are 70½ years old or older, you can take advantage of a simple way to give to Mater Dolorosa and receive tax benefits in return. You can give up to $105,000 per year from your IRA directly to Mater Dolorosa, a qualified nonprofit ,without having to pay income taxes on the money.
Naming Opportunities:Â Place a plaque on a door, chair or bench in the Retreat Center or on our grounds.
Thank you for informing Mater Dolorosa of your planned giving intentions. Having the opportunity to say 'thank you' means so much to us and gives us the chance to ask you how you would like your gift to be used.
- Please contact Melanie Goodyear in the Development Office at 626-355-7188, Ext. 103 or MGoodyear@MaterDolorosa.org.
- If you choose to name Mater Dolorosa as a beneficiary in your estate plan, please list us in the following manner:
- Our legal title is Mater Dolorosa Passionist Retreat Center, Inc.
- Our legal address is 700 N. Sunnyside Avenue, Sierra Madre, CA 91024.
- Our federal tax ID number is 87-0758476.
Sample Language for Wills and Trusts:
For a specific bequest:
"I give and bequeath $_______ to Mater Dolorosa Passionist Retreat Center, Inc. a non-profit public charity located at 700 N. Sunnyside Avenue, Sierra Madre, CA 91024."
For a percentage bequest:
"I give and bequeath _______% of all the rest, residue and remainder of my estate to Mater Dolorosa Passionist Retreat Center Inc., a non-profit public charity located at 700 N. Sunnyside Avenue, Sierra Madre, CA 91024."
For an endowment bequest:
At your request, donations through bequests can now be invested in a special endowment fund. This fund will be used to ensure the future of Mater Dolorosa, provide retreat scholarships, support ongoing programs, and to care for the beautiful buildings, gardens and grounds at Mater Dolorosa.
For more information on supporting Mater Dolorosa please contact Melanie Goodyear, Director of Development (626) 355- 7188, Ext 103 or MGoodyear@MaterDolorosa.org
All inquiries are without obligation and are held in confidence. The information on this page is not intended as legal or tax advice. For such advice, please consult your attorney or tax advisor.
