Office of Development and Stewardship
Opportunities for Philanthropy and Giving to the Church
We work with individuals, groups and corporations interested in providing current support to the mission of the Old Catholic Confederation and the Archdiocese of the United States.
We work with individuals, churches and conferences to facilitate a variety of gifts which are planned and/or funded now, but whose benefit is not received by the Church until after the death of the donor(s).
The types of Planned Gifts follow:
Wills and bequests
A properly executed Will or Living Trust is the only way to assure that your estate is distributed according to your wishes, and is the most common way that deferred gifts to the Church are made. You can designate a percentage or a dollar amount, or direct that the Church receive the residual amount of your estate. A Will or Living Trust can also be used to set up life-income gifts that benefit heirs during their lifetimes, with the remaining principal constituting a gift to the Church.
Life-income gifts are those which pay you income for life, with the remaining principal paid to the UCC-related entity you designate. You receive a tax deduction for the charitable portion of the gift in the year the gift is made. Life-income gifts may significantly increase your spendable income. Such gifts may be established in a will for the benefit of heirs and ultimate benefit of the Church.
- Charitable Gift Annuities
A Gift Annuity's rate of return is based solely on your age at the time of the gift. Annuities may be funded with cash or appreciated securities, and provide fixed income payments for life to you and/or another person, successively. A significant portion of the income may be tax-free. You may defer income payments to a later date, such as retirement age, which may produce a substantial increase in the rate of return. Minimum gift is $1,000; current maximum is $138,000, based on the fair market value of the Gift Annuity Fund.
- Charitable Remainder Trusts
Trusts may be funded with cash, securities or real estate and income payments may be fixed or flexible. The most common type, the Unitrust, is valued annually and the donor is paid a fixed percentage of the value over the following year. Minimum gift is $50,000.
- Pooled Income Fund
The Pooled Income Fund is like a mutual fund; it accepts gifts from many donors, manages them, and distributes each gift's portion of the earnings to the designated one or two life-income beneficiaries, successively. Minimum gift is $2,000.
The Church can be named as the beneficiary of your life insurance, or the policy itself can be donated to the church. If the policy is paid up, your tax deduction will generally be the replacement cost of the policy at the time it is donated.
Retirement assets may be expensive for heirs to inherit. Naming the Church as the beneficiary of your retirement fund may provide a significant tax savings to your estate.
Charitable lead trust
This gift provides current income to the Church during your lifetime or for a specified term of years, after which the remaining principal is returned to you or your heirs. Payments to the Church may be fixed or variable, depending on the terms of the Trust. Minimum gift is $100,000.
The Old Catholic Confederation Endowment Fund
Recently established, the Old Catholic Confederation Endowment Fund exists to provide long-term financial support to the national and global ministries of the Old Catholic Church. Its function is to receive and administer temporarily restricted and unrestricted gifts from capital assets, and to distribute the financial return on investments for the support of the mission and ministry of the Old Catholic Confederation. Permanent endowments - including named funds - may be established with gifts of $10,000 or more.
The Board of Trustees of the National Cathedral of Christ
In order to support the purchase the Church building for the National Cathedral of Christ, consider becoming a (Lay or Clergy) Member of the Board of Trustees of the National Cathedral by making a tax-deductible contribution of $50,000 or more. In this way, you will become not only a donor toward our National Cathedral for Old Catholics in the United States, but one of the founders! As a Lay or Clergy Trustee, you will also participate in the administrative decisions of the Cathedral.
Methods of funding
Cash (all Outright and Planned Gifts)
Cash gifts provide an immediate and direct benefit to the Church, and are usually fully tax deductible by the donor, subject to IRS limits of 50% of Adjusted Gross Income.
Securities (all Outright and Planned Gifts)
Appreciated securities (those which have increased in value since they were purchased) are transferred to the Old Catholic Confederation to avoid capital gain tax on the appreciation. Depreciated securities are sold by the donor so the loss may be deducted from on his/her tax return, and the cash proceeds are donated. Gifts of securities are generally tax deductible at fair market value if owned for longer than a year, in amounts up to 30% of Adjusted Gross Income.
Real Estate (some Outright and Planned Gifts)
Donation of real estate that has appreciated in value provides a charitable tax deduction for the appraised value of the property, and avoidance of capital-gains tax. As with appreciated securities, appreciated real estate must be transferred to the Old Catholic Confederation, not sold by the donor.
How does it work?
First of all, we urge you to do your gift planning within the context of family and professional advisors; discuss your charitable goals with your family; consult your attorney, financial planner, accountant.
We provide the following:
- Detailed information on each gift type
- Bequest language
- Instructions for stock transfer
- Life-Income Gift illustrations
- Gift Annuity Agreements (other life-income gift contracts are produced in conjunction with our Planned Giving attorney in Boston)
- Documentation for income tax filing
- Liaison with national and global ministries, and other UCC-related entities whose work you wish to support
The OCC Office of Development and Stewardship does not offer legal, tax, or financial/estate planning services.
Please don't hesitate to contact us - we welcome your phone calls and e-mail!
"Gifts" for the giver
People choose to make charitable gifts for a variety or reasons, primary of which is a desire to support work they believe in. Giving also provides benefits to you, the donor. A gift to the Church may include some or all of the following:
- Fulfillment of charitable goals
- Charitable tax deduction
- Avoidance or reduction of capital-gain tax
- Income payments for life
- Tax-free income
- Reduction of federal estate tax
- Expert investment management by the OCC Funds
Socially responsible investment
The Old Catholic Confederation is exceedingly grateful for the inspired generosity of its members and friends. Help us to assure and enhance the mission and ministry of the Old Catholic Church in the United States now and into the future. Your support is vital in continuing the work of the Old Catholic Church in all its settings and the OCC Office of Philanthropy and Stewardship Team is eager to assist you in developing financial resources for the mission and ministry dear to your heart!
Contact us at 888-587-0055!
The Old Catholic Confederation and the Archdiocese of the United States provide full and partial tuition scholarships and other grants for postulants and clergy completing philosophy and theology studies at the School of Divinity of the Collegium Augustinianum Graduate School of Philosophy and Theology. Tuition Scholarships are based upon financial need. The OCC Seminary Education Fund welcomes contributions that support the theological education and formation of our postulants and seminarians in financial need.
To make a tax-deductible contribution to the Old Catholic Confederation, or for more information or assistance on giving to the Church, you may also use this contact form to reach the Office of Development and Stewardship. Thank you for your generosity!
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