Franciscan Renewal Center

Quite often, when we think of charitable giving, we think only in terms of an outright gift of cash (or possibly stocks and bonds). However, many friends and contributors have found that a future gift – one that is effected through their Will or trust – or a gift of a unique asset such as a home, an interest in a family-owned business, or even a work of art enabled them to maximize their gift to the Casa. At the same time, it helped them to meet their financial, tax and estate planning goals. Please contact our development team to learn more about these creative gift options.

• Wills and Trusts
• Life Estate Gift Annuity: a future gift with benefits today
• Gifts of Closely Held Stock: a special opportunity for entrepreneurs
• Gifts of Tangible Personal Property: turning possessions into possibilities
• Gifts of Retirement Plan Assets: transforming tax penalties into charitable gifts
• Life Insurance

Income-Producing Gift Plans

With the assistance of the Catholic Community Foundation, a non-profit corporation organized to promote philanthropy, the Casa has a means to offer a variety of life-income arrangements. A life-income arrangement operates as follows: you irrevocably contribute cash, appreciated securities or other property to the Catholic Community Foundation for the benefit of the Franciscan Renewal Center, which then sells and reinvests the property to pay an annual income to you and/or a beneficiary for life or a term of years. After the death of the last beneficiary or the end of the term, your gift is transferred to the Franciscan Renewal Center. The proceeds of your gift are used for the purposes you designate (operations, capital growth or endowment) at the time of your contribution.

Benefits Include:

• Annual income for you and a beneficiary
• Professional investment management at no charge
• Bypass realizing capital gains on gifts of appreciated assets
• Immediate federal income tax charitable deduction
• Estate tax savings
• Creating a future gift that reflects your vision for the Franciscan Renewal Center

Determining the right plan for you depends on a number of factors, including your age, type of assets, income needs and financial objectives.

Please contact a member of our Development team to discuss the following opportunities to assist your personal philanthropic goals and support the Franciscan Renewal Center:

• A Fixed Income for Life
• Charitable Gift Annuity
• Charitable Remainder Annuity Trust
• Fluctuating Income
• Family Fund
• Charitable Reminder Unitrust
• Income for a Younger Beneficiary
• Deferred Gift Annuity
• Preserving Retirement Assets
• Retirement Benefits

IRA Charitable gifts to the Casa are exempt from tax thru 2011 under these provisions!

The Casa has received a couple of these gifts in the last month. Please consider this idea in support of the Casa Vision and the excellent tax benefits.  If you have questions about this please contact Charlie Brown, GM   at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 480-928-7460 ext. 175.  Thank you!

Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 has extended the IRA Charitable Rollover for   2011. Originally passed in 2006 as part of the Pension Protection Act, the IRA Charitable Rollover allows individuals age 70½ and older to make direct transfers totaling up to $100,000 per year to 501(c)(3) the Casa, without having to count the transfers as income for federal income tax purposes

• Who qualifies? Individuals who are age 70½ or older at the time of the contribution (you have to wait until your actual 70½th birthday to make the transfer).
• How much can I transfer? $100,000 each year for 2011.
• From what accounts can I make transfers? Transfers must come from your IRAs directly to Franciscan Renewal Center. If you have retirement assets in a 401(k), 403(b) etc., you must first roll those funds into an IRA, and then you can direct the IRA provider to transfer the funds from the IRA directly to Franciscan Renewal Center.
• To what charities can I make gifts? Tax exempt organizations that are classified as 501(c)(3) charities, including Franciscan Renewal Center to which deductible contributions can be made.
• Can I use the rollover to fund life-income gifts (charitable gift annuities, charitable remainder trusts, or pooled income funds)? No, these are not eligible.
• Can I use the rollover to fund donor advised funds or supporting organizations? No, these are not eligible.
• Can I use the rollover to support a particular purpose at Franciscan Renewal Center? As with all other gifts, you can direct your IRA Charitable Rollover gift as you see fit.
• How will Franciscan Renewal Center count the gift? We will give you full credit for the entire gift amount.
• What are the tax implications to me?
• Federal – You do not recognize the transfer to Franciscan Renewal Center as income, provided it goes directly from the IRA provider to us. However, you are not entitled to an income tax charitable deduction for your gift.
• State – Each state has different laws, so you will need to consult with your own advisors. Some states have a state income tax and will include this transfer as income. Within those states, some will allow for a state income tax charitable deduction and others will not. Other states base their state income tax on the federal income or federal tax paid. Still other states have no income tax at all.

Does this transfer qualify as my minimum required distribution? Once you reach age 70½, you are required to take minimum distributions from your retirement plans each year, according to a federal formula. IRA charitable rollovers count towards your minimum required distributions for the year.

Peace and Good Always~  Charlie

Contact the Casa Development Office at 480-948-7460 or 800-356-3247, ext. 161 to support The Franciscan Renewal Center through creative giving, or for more information on a broad range of giving opportunities.