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Planned Giving is an effective way to have an impact on the
future well-being of Holy Name of Jesus School. Individuals
have many options available to them in making their estate
plans such as bequests, charitable remainder trusts,
charitable lead trusts or insurance policies. We recommend
that you consult with a financial advisor when considering
your estate plans. For your information, brief
descriptions of planned giving vehicles are offered
below.
Bequests
Bequests, large and small,
are a significant source of support for a school. A bequest is
the act of naming the school in your
will.
Charitable Remainder Trust
If you
own real estate or securities that have appreciated greatly
over the years and you want to avoid paying the capital gains
taxes you would incur when you sell, a Charitable Remainder
Trust may be an attractive option for you. Using your
appreciated property or securities, set up an Irrevocable
Remainder Trust with your attorney or financial planner and
name Holy Name of Jesus School as the beneficiary. The Trust,
which is not subject to tax, sells property or securities,
reinvests the proceeds and makes specified annual payments to
you or other designated individuals for a specified period of
time. At the end of that period, the remaining funds in the
Trust go to the school.
Charitable Lead
Trust
A Charitable Lead Trust is essentially the
reverse of a Charitable Remainder Trust. You would transfer
your appreciated property or securities to an Irrevocable
Trust, but with this type of investment, Holy Name of Jesus
School receives the annual income interest payments for a
specified period of time or your lifetime. At the end of that
period, the remaining funds return to you or your designated
beneficiary.
Life Insurance
Another vehicle
for planned giving is the use of life insurance. Individuals
may name Holy Name of Jesus School as the sole beneficiary or
one of several beneficiaries of a life insurance policy. The
school would receive the benefit at the time of death of the
donor.
For more information, or if you have any
questions regarding giving to Holy Name of Jesus School,
please contact Director of Development Rosalie Tomeny at
861-9709, or via e-mail at rtomeny@archdiocese-no.org.
Development
Office
Holy Name of Jesus School
6325 Cromwell
Place
New Orleans, LA 70118
(504) 861-9709
Email: rtomeny@hnjschool.org
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