Planned Giving

There are a number of planned (deferred) giving options, regardless of size, available to you as you consider joining our Mother Cabrini Legacy Society. These gifts, through the Society, will serve to support the future needs and programs of Cabrini Mission Foundation.

Bequests
Gifts may be made for a specific dollar amount, a percentage of the total estate or the residuum remaining after all debts, taxes, expenses and other bequests have been paid. Specific bequests of property such as real estate may also be made.

Gift Annuities
In exchange for a gift of cash or securities, the Cabrini Fund, Inc. will guarantee to pay you and/or another beneficiary a specified annuity. This is one of the oldest and simplest ways of making a gift, and in addition to the current charitable deduction, a portion of each annuity payment is income tax free. Click Here for more information about Gift Annuities.

Tax Deferred Retirement Plan
What has become very popular in recent years is naming a charity as a beneficiary in one’s tax deferred retirement plan such as an IRA, Keough Plan, 401(k) plans and 403(b) plans. The distribution from any of these plans would take place after your death and may be very taxwise for your family.

Life Insurance
Policies that are no longer needed for family protection or business purposes make excellent charitable gifts, regardless of whether or not all of the premiums have been paid. When ownership of the policy is irrevocably assigned to Cabrini Mission Foundation, the cash value of the policy is a tax deductible gift, as are all future premium payments. By establishing new life insurance policies, specifically for Cabrini Mission Foundation, a donor is able to make a substantial gift for a relatively modest annual outlay.

Life Income Gifts
Charitable remainder unitrusts or annuity trusts enable you to make a significant gift to the Foundation while protecting or greatly improving your personal financial position. You and/or another named beneficiary will receive the income from the trust for your life, and you also receive an immediate income tax deduction. Tax savings are increased if appreciated securities are used to fund the trust because of capital gains tax considerations.

Remainder Interest in a Residence or Farm
A special agreement can be devised that permits the owner of a personal residence or farm to give the property to the Foundation while still retaining a “live estate” in the property-that is, the right to continue to use and enjoy it. The donor receives a current charitable deduction and escapes potential capital gains tax on the appreciation.