Donor-Advised Funds (DAF)

You can support St. Andrew Parish now and into perpetuity through a few different ways.  One way is to establish with your financial institution a donor-advised fund (DAF). These accounts can be established in your name or family name, allowing you and your loved ones to be memorialized. They are easy to establish with none of the administrative headaches and fees of a private family foundation and you get a charitable deduction. They are flexible and allow you, the donors, to recommend grant recipients such as St. Andrew’s Parish, St. Andrew’s School, or any other charities you want to support. Many financial institutions can help you with this, but we suggest you also consider The Catholic Community Foundation since they have DAF’s and other donor fund options and manage many of the Catholic parishes’ assets within the area and the Archdiocese of Milwaukee.  See their website at https://thecatholiccommunityfoundation.org/donors/types-of-funds/ or call them at 414-431-6402.           Thank You!

BEQUEST IN A WILL

Bequest could be held in perpetuity and invested to fund special needs. Benefit to donor includes: 

  • Possible estate-tax deduction.
  • Perpetual-gift opportunity.
  • No cost to you during your lifetime.
LIFE INSURANCE

The parish receives full face value of policy upon death of the donor, or may receive certain surrender value prior to donor’s death. Benefit to donor includes: 

  •  Surplus life insurance can be converted to a gift.
  • Income-tax deduction for value of the policy when transferred.
  • Premium payments may be deducted as gifts.
  • Possible estate-tax deductions.
REQUIRE MINIMUM DISTRIBUTION (RMD)

Meet the needs of the parish expenses or designated to building fund. Benefit to donor includes: 

  • Reduces taxable income.
  • Possible benefit for taxable amount of social security.
  • Possible benefit to Medicare premium.
RETIREMENT/IRA

Significant gift upon the death of the donor benefits the parish. Benefit to donor includes: 

  • Income-tax and estate-tax savings for substantial portion of gift.
  • Protect heirs from tax liabilities.
GIFTS OF STOCK & BONDS

Shares will be sold; the full value of the assets will fund parish needs. Benefit to donor includes: 

  • Avoidance of capital-gain tax.
  • Income-tax deduction for full market value on date of gift.
  • Possible estate-tax deduction.