Because We’ve Been Given So Much ….
As a friend of the Society of St. Vincent DePaul you’re probably among the more than 90% of Americans who donate time or money to non-profit organizations. But did you know that only about 5% of all people remember these organizations when planning the distribution of their estate upon passing?
Planned giving provides an excellent opportunity for you to leave a legacy of your own. As a supporter of the Society’s mission, we would be very pleased to work with you to make arrangements that work best for you and your family.
Below are some of the most frequently asked questions regarding planned giving:
Q. What is an estate? I don’t have a lot of money or property!
A. “Estate” is simply a word describing any money or belongings you have at the time of your death. Most people have an estate, even if they are not wealthy. Anyone can leave a gift to the St. Vincent DePaul Society, as well as to their family.
Q. What is a bequest?
A. A gift passed on to another, as in a will; something that is bequeathed; a legacy.
Q. How do I leave a gift to the Society?
A. Most people give by leaving a charitable gift in a will or trust, or by naming the Society of St. Vincent DePaul Central Council as a beneficiary of an insurance policy or retirement plan such as an IRA.
Some people donate something they own, like a car, coin collection, or their home. Others leave a paid-up life insurance policy, retirement account or their financial investments.
Q. Do I tell the Society that I’ve left a gift to them in my will?
A. That’s up to you. Charitable organizations prefer that you let them know about gifts in advance. This way, they can recognize your generosity and possibly use your support to encourage others to do the same.
Q. Who can help me in making a gift to the Society?
A. A professional advisor, such as a financial planner, an attorney, or an accountant, will get you off on the right foot by advising you on the various ways in which you can make a gift. According to the laws of New York State, an attorney should prepare your final will or estate plan.
Q. Can I leave a gift in memory of a special person or for a specific purpose?
A. A charitable gift is a wonderful way to recognize someone who made a difference in your life. You may also want to contribute to a special area of need at the Society. This kind of memorial gift can be specified in your will.
Q. Why should I leave a gift?
A. You truly will leave a legacy by supporting the St. Vincent DePaul Society through a will or estate. Your generosity could play a major role in the development and growth of the Society for years to come.
Everyone at the Society of St. Vincent DePaul is very appreciative of your support. We hope that this information makes you aware of a very special way to leave a legacy of your own by supporting an organization that means so much to you.
Our methods of giving link, provides a brief synopsis of the different type of gifts, the form that the gifts can come in and how they benefit certain groups.