Advancement » Planned Giving

Planned Giving

Discover a powerful way to make a gift last forever while realizing tax benefits for your generosity.

Planned Giving is an effective way to have an impact on the future well-being of Holy Cross. Individuals have many options available to them in making their estate plans such as bequests, charitable remainder trusts, charitable lead trusts or insurance policies.

Bequests – The Legacy Society

Holy Cross recognizes all who have made provisions for the school in their estate plans through The Legacy Society. When a member of our community makes a planned gift they automatically become a member of this very important group of supporters of the mission of Holy Cross School. Bequests, large and small, are a significant source of support for the Holy Cross School. Simply stated, a bequest is the act of naming the school in your will. The School’s policy is for all realized bequests to be placed in the School's endowment, unless otherwise specified by the donor.

Life Insurance

If you'd like to play an important part in supporting Holy Cross but feel now is not the time, you may be surprised to learn how life insurance can help fulfill your philanthropic goals and ease your financial concerns. Many individuals name Holy Cross School as the sole beneficiary or one of the beneficiaries of a life insurance policy. The School would receive the benefit at the time of death of the donor.

Charitable Remainder Trust

If you own real estate or securities that have appreciated greatly over the years and you want to avoid paying the capital gains taxes you would incur when you sell, a Charitable Remainder Trust may be an attractive option for you.

Irrevocable Remainder Trust

Using your appreciated property or securities, set up an Irrevocable Remainder Trust with your attorney or financial planner and name Holy Cross School as the beneficiary. The Trust, which is not subject to tax, sells property or securities, reinvests the proceeds and makes specified annual payments to you or other designated individuals for a specified period of time. At the end of that period, the remaining funds in the Trust go to the School.

Charitable Lead Trust

A Charitable Lead Trust is essentially the reverse of a Charitable Remainder Trust. You would transfer your appreciated property or securities to an Irrevocable Trust, but with this type of investment the School receives the annual income interest payments for a specified period of time or your lifetime. At the end of that period, the remaining funds return to you or your designated beneficiary.

The School also highly recommends that you consult with financial advisor while considering your estate plans. For your information, brief descriptions of planned giving vehicles are offered below.

For details contact:
Monica Sanusi Gelé, CFRE 
Chief Advancement Officer
(504) 942-1878