Planned Giving
- St. Paul of the Cross
- Oct 31, 2024
- 11 min read
Updated: Aug 15
Please consider a gift through your individual retirement account (IRA) in support of our parish. If your family’s needs are being met, you may wish to include our parish as a beneficiary. By naming St. Paul of the Cross Parish as a beneficiary, you will provide crucial financial support to our parish and the entire value of your gift will be transferred to us free from federal estate and income tax. It costs nothing to change the beneficiary on your retirement plan and will mean everything to our future parish community.
You can contact your IRA administrator and request a change-of-beneficiary form to include St. Paul of the Cross as a recipient of your good stewardship. Please consult with your account administrator for more information, or contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.
Thank you for considering St. Paul of the Cross Parish in your giving!
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Your commitment to supporting priests’ well-being is commendable. Consider including a legacy gift for Priests’ Health and Retirement to help address the healthcare needs of both active priests and the medical and housing requirements of retired priests. Your generosity will make a lasting impact.
To learn more, you can reach out to Priests’ Health and Retirement at 708-449-8026. If you’d like to make a gift today, visit their website at prmaa.org. Your contribution will be deeply appreciated and remembered in the prayers of the priests within the Archdiocese of Chicago.
Thank you for considering St. Paul of the Cross Parish in your giving!
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August is National Make-A-Will Month Please Remember St. Paul of the Cross Parish in Your Will or Trust
When considering which charities to include in your will or trust, we hope you will remember St. Paul of the Cross Parish. A bequest can be made to our parish using the following language:
“I give [insert specific dollar amount, or percentage of net or residuary] to The Catholic Bishop of Chicago, Tax ID #36-2170826, a corporation sole located in Chicago, Illinois, to be used for the benefit of St. Paul of the Cross Parish located in Park Ridge, Illinois. However, if St. Paul of the Cross Parish ceases to exist in its current form, then to the new parish or parishes erected in its stead.”
Please consult an attorney and financial advisor when drafting your will or trust. For more information, please visit giving.archchicago.org/bequest or contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.
Thank you for considering St. Paul of the Cross Parish in your giving!
____________________________________________________________________________
“The kingdom of heaven is like yeast that a woman took and mixed with three measures of wheat flour until the whole batch was leavened.” (Matthew 13:33)
Are we leaving enough wheat flour in order to bear leavened bread for our loved ones? Do you have a life insurance policy you no longer need? A gift of life insurance is a powerful and simple way to provide future support for our parish. Here are two ways to give a gift of life insurance to St. Paul of the Cross Parish.
Name our parish as a beneficiary of the policy. Simply update your beneficiary designation form with your policy holder and list the primary or contingent beneficiary as: St. Paul of the Cross Parish, The Catholic Bishop of Chicago, a Corporation Sole
Make an outright gift of an existing policy. You can irrevocably name our parish as owner and beneficiary of a policy with accumulated cash value that you and your family no longer need. You qualify for a federal income tax charitable deduction when you itemize on your taxes. Also, if you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift, if you itemize.
For more information on making a gift of life insurance to our parish, we recommend you consult with your financial planner, attorney or insurance representative. If you have questions, please contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago, at 312-995-0686 or gvogt@archchicago.org.
Please visit our website at www.spc-church.org/post/planned-giving
to learn about other planned giving options.
Thank you for considering St. Paul of the Cross Parish in your giving!
____________________________________________________________________________
A Tax-Savvy Way to Support St. Paul of the Cross Parish
Please help us cover our increased operating costs by considering a direct gift of securities or mutual funds that have appreciated in value and have been held for more than one year.
When you donate appreciated securities or mutual funds to our parish, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. For more information about donating stock or securities, please contact your financial advisor.
To make a stock donation to St. Paul of the Cross Parish, please visit archchicago.org/stockgiftform and complete the electronic Letter of Intention form. Once you have submitted the form, you will receive a confirmation email with detailed instructions for you to complete your gift. If you have any questions, please contact Karen Whitehead, Archdiocese of Chicago, at 312-534-7461 or kwhitehead@archchicago.org.
Please visit our website at www.spc-church.org/post/planned-giving
to learn about other planned giving options.
Thank you for considering St. Paul of the Cross Parish in your giving!
____________________________________________________________________________
Bring Christ to the World Through Your Legacy
As we stand before God’s promise to make all things new, please consider one of the greatest acts of stewardship by including a gift to our parish in one of the following ways:
Will or Trust
Retirement Assets
Life Insurance Policies
Charitable Gift Annuity
For a free step-by-step guide to reviewing your estate plan, please contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at
312-995-0686 or gvogt@archchicago.org.
For more information, please visit myimpact.archchicago.org
____________________________________________________________________________
As stewards of our faith, we can express our gratitude for the bread given to us from heaven and help ensure that God’s good work on earth continues by considering a charitable gift annuity. When you establish a charitable gift annuity with the archdiocese, not only will you receive fixed payments for life, but you can designate our parish as the remainder beneficiary.
How It Works:
Make a gift of $10,000 or more to the Archdiocese of Chicago. Fund your gift annuity with cash or securities.
Receive fixed payments for life – for yourself or a loved one age 60 or older. Payment rates are based upon the age of the annuitant at the time you establish the gift annuity.
Enjoy immediate and future tax benefits, including a federal income tax deduction for a portion of your gift, if you itemize. You can schedule payments according to your financial needs, and a portion of each annuity payment will be tax-free (through life expectancy).
The funds remaining after your lifetime will support our parish or school – as designated by you.
To receive a free, no-obligation personalized illustration of how you could benefit from a
Charitable Gift Annuity, contact Krystina M. Campbell, Planned Giving Officer, Archdiocese of Chicago at 312-534-5404 or kcampbell@archchicago.org
Thank you for considering St. Paul of the Cross Parish in your giving!
____________________________________________________________________________
As we continue to receive the peace of our Lord, Jesus Christ, please consider a tax saving way to assist the parish by providing a direct gift of securities or mutual funds that have appreciated in value and have been held for more than one year.
When you donate appreciated securities or mutual funds to our parish, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. For more information about donating stock or securities, please contact your financial advisor.
To make a stock donation to St. Paul of the Cross Parish, please visit archchicago.org/stockgiftform and complete the electronic Letter of Intention form. Once you have submitted the form, you will receive a confirmation email with detailed instructions for you to complete your gift. If you have any questions, please contact Karen Whitehead, Archdiocese of Chicago at 312-534-7461 or kwhitehead@archchicago.org.
___________________________________________________________________________
Every day, we have the opportunity to do the works of Jesus. Please consider making a gift from your individual retirement plan (IRA) that benefits you and our parish. A qualified charitable distribution (QCD) allows individuals age 70½ or older to authorize their IRA administrator to make a direct transfer of funds from their IRA to qualified charities, tax-free.
There are three main benefits of giving with a QCD:
If you are 73 years old or older, the amount you transfer can satisfy all or part of your required minimum distribution.
The amount transferred directly to charity does not generate taxable income, which may reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
Your gift will be immediately used, allowing you to see the impact of your gift now.
If you would like more information on how to make a QCD gift to St. Paul of the Cross Parish, please contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.
____________________________________________________________________________
A Tax-Savvy Way to Support St. Paul of the Cross Parish
Please help us cover our increased operating costs by considering a direct gift of securities or mutual funds that have appreciated in value and have been held for more than one year.
When you donate appreciated securities or mutual funds to our parish, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. For more information about donating stock or securities, please contact your financial advisor.
To make a stock donation to St. Paul of the Cross Parish, please visit archchicago.org/stockgiftform and complete the electronic Letter of Intention form. Once you have submitted the form, you will receive a confirmation email with detailed instructions for you to complete your gift. If you have any questions, please contact Karen Whitehead, Archdiocese of Chicago at 312-534-7461 or kwhitehead@archchicago.org.
____________________________________________________________________________
Leave a Legacy to Bring Hope to the World
As we stand before God’s promise to make all things new, please consider one of the greatest acts of stewardship by including a gift to our parish in one of the following ways:
● Will or Trust
● Retirement Assets
● Life Insurance Policies
● Charitable Gift Annuity
For more information, or for a free step-by-step guide to reviewing your estate plan, please contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.
Thank you for considering St. Paul of the Cross Parish in your giving!
____________________________________________________________________________
As stewards of our faith, you can express your gratitude for God’s gifts and help ensure that God’s work on earth continues by considering a charitable gift annuity. When you establish a charitable gift annuity with the archdiocese, not only will you receive fixed payments for life, but you can designate our parish as the remainder beneficiary.
How It Works:
1. Make a gift of $10,000 or more to the Archdiocese of Chicago. Fund your gift annuity with cash or securities.
2. Receive fixed payments for life – for yourself or a loved one age 60 or older. Payment rates are based upon the age of the
annuitant at the time you establish the gift annuity.
3. Enjoy immediate and future tax benefits, including a federal income tax deduction for a portion of your gift, if you itemize. You can schedule payments according to your financial needs, and a portion of each annuity payment will be tax-free (through life expectancy).
4. The funds remaining after your lifetime will support our parish or school – as designated by you.
To receive a free, no-obligation personalized illustration of how you could benefit from a Charitable Gift Annuity, contact Krystina M. Campbell, Planned Giving Officer, Archdiocese of Chicago at 312-534-5404 or kcampbell@archchicago.org.
____________________________________________________________________________
Please consider making a gift from your individual retirement plan (IRA) that benefits you and our parish. A qualified charitable distribution (QCD) allows individuals age 70½ or older to authorize their IRA administrator to make a direct transfer of funds from their IRA to qualified charities, tax-free.
There are three main benefits of giving with a QCD:
If you are 73 years old or older, the amount you transfer can satisfy all or part of your required minimum distribution.
The amount transferred directly to charity does not generate taxable income, which may reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
Your gift will be immediately used, allowing you to see the impact of your gift now.
If you would like more information on how to make a QCD gift to St. Paul of the Cross Parish, please contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.
________________________________________________________________________
Leave Your Legacy Through a Bequest
Please consider including a gift to our parish in your will or trust to support our faith community well into the future. A bequest can be made to our parish using the following language:
“I give [insert specific dollar amount, or percentage of net or residuary] to The Catholic Bishop of Chicago, Tax ID #36-2170826, a corporation sole located in Chicago, Illinois, to be used for the benefit of St. Paul of the Cross Parish located in Park Ridge, Illinois. However, if St. Paul of the Cross Parish ceases to exist in its current form, then to the new parish or parishes erected in its stead.”
Please consult an attorney and financial advisor when drafting your will or trust. For more information, please visit myimpact.archchicago.org or contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.
________________________________________________________________________
Contributing an Unneeded Insurance Policy
Do you have a life insurance policy you no longer need? A gift of life insurance is a powerful and simple way to provide future support for our parish. Here are two ways to give a gift of life insurance to St. Paul of the Cross Parish:
Name our parish as a beneficiary of the policy. Simply update your beneficiary designation form with your policy holder and list the primary or contingent beneficiary as: “St. Paul of the Cross Parish, The Catholic Bishop of Chicago, a Corporation Sole”
Make an outright gift of an existing policy. You can irrevocably name our parish as owner and beneficiary of a policy with accumulated cash value that you and your family no longer need. You qualify for a federal income tax charitable deduction when you itemize on your taxes. Also, if you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift, if you itemize.
For more information on making a gift of life insurance to our parish, we recommend you consult with your financial planner, attorney or insurance representative. Please contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org with any additional questions.
________________________________________________________________________
A Tax Free Way to Support St. Paul of the Cross
As stewards of our faith, please be a light to others by considering a gift through your individual retirement account (IRA) in support of our parish. If your family’s needs are being met, you may wish to include our parish as a beneficiary. By naming St. Paul of the Cross Parish as a beneficiary, you’ll provide crucial financial support to our parish and the entire value of your gift will be transferred to us free from federal estate and income tax. It costs nothing to change the beneficiary on your retirement plan and will mean everything to our future parish community.
You can contact your IRA administrator and request a change-of-beneficiary form to include St. Paul of the Cross Parish as a recipient of your good stewardship. Please consult with your account administrator for more information, or contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.
____________________________________________________________________________
Legacy Gifts for Our Parish
Jesus told us, “whatever you do for the least of my brothers, you do for me.” Every day, we have the opportunity to see the face of Jesus in others and be the face of Jesus to others.
St. Paul of the Cross Parish and the archdiocese steward your gifts in many ways. Please continue to keep “the least of our brothers” in your prayers, and pray for the wisdom and strength to recognize those needs. One of the ways you can provide support is through a gift from your:
Will or Trust
Retirement Assets
Life Insurance Policies, or
Charitable Gift Annuity, which provides you with fixed payments for life and remaining funds will benefit our parish.
Create or update your estate plans today by contacting your estate attorney and financial advisor. For more information, please visit myimpact.archchicago.org/resources or contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or