Many people consider a gift in their will to be the perfect way to recognize a program close to their hearts. It's an easy way to support the education of Lakota children in the future without using any of your assets today.
There are two special features that make this a popular type of gift:
1. Flexibility. A gift in your will lets you balance your philanthropic goals with the future needs of your loved ones. Because you aren't parting with assets today, you don't have to worry about living expenses and future medical costs should you need the assets during your lifetime. Plus, you can change your mind at any time.
2. Versatility. You can give a percentage of your estate to St. Joseph's Indian School. Most people can't predict the exact size of their final estate. Therefore, making a gift by using a percentage amount can be a more effective means of dividing it. This allows you to benefit loved ones and Lakota students in proportion.
Customize your Gift to St. Joseph's Indian School We can help tailor your gift to fit your circumstances and accomplish your charitable goals. Your gift can reflect your personal wishes and provide the satisfaction of helping some of our country's neediest children in the future. Contact Denise Hyland at 1-800-584-9200 or firstname.lastname@example.org for sample language you can use to provide a gift in your will.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable bequest is one or two sentences in your will or living trust that leave St. Joseph's Indian School a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan
"I give to St. Joseph's Indian School, a nonprofit corporation currently located at P.O. Box 100, Chamberlain, SD 57325-0100, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
able to be changed or cancelled
A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.
cannot be changed or cancelled
tax on gifts generally paid by the person making the gift rather than the recipient
the original value of an asset, such as stock, before its appreciation or depreciation
the growth in value of an asset like stock or real estate since the original purchase
the price a willing buyer and willing seller can agree on
The person receiving the gift annuity payments.
the part of an estate left after debts, taxes and specific bequests have been paid
a written and properly witnessed legal change to a will
the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will
A donor-advised fund is an account you set up but is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much money (and how often) you want to distribute money from that fund to St. Joseph's Indian School or other charities. You cannot direct the gifts.
An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.
Tax on the growth in value of an asset — such as real estate or stock — since its original purchase.
Securities, real estate or any other property having a fair market value greater than its original purchase price.
Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to St. Joseph's Indian School as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to St. Joseph's Indian School as a lump sum.
A beneficiary designation clearly identifies how specific assets will be distributed after your death.
A charitable gift annuity involves a simple contract between you and St. Joseph's Indian School where you agree to make a gift to St. Joseph's Indian School and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.