Other Ways to Give Financially

Tribute/Memorial Gifts

You can make your gift to Catholic Charities in memory of a friend or loved one or in honor of a friend or loved one on a special occasion. Your gift will be immediately acknowledged with a special card sent in your name to the family of the deceased person, or to the person paying tribute

Wills and Bequests

There are a number of planned giving methods available to you as a donor. Depending on your circumstances, you may be able to make a more significant gift then you ever thought possible, experiencing significant tax savings, earn a life income, or even leave your beneficiaries more than you might have been able to otherwise.

The simplest way to do this is to make an outright bequest in your will or living trust of a specific amount of money, securities or property. It is easy to add a bequest to your current will through a codicil (amendment). The suggested wording in a bequest is: “I give, devise and bequest to Catholic Charities Inc. of the Diocese of Jackson (state the percentage of estate or residue, sum of money, or describe property) for its general use and purposes.”

Charitable remainder trusts can be established to provide you and another person income for life, and then to provide a deferred gift of the remaining assets to a charity such as Catholic Charities Inc. Depending on the type of trust established, you would be entitled to an income tax or estate tax deduction.

Life Insurance Gifts

Naming Catholic Charities as the owners and sole beneficiary of an insurance policy can be a way to make a substantial gift over the course of time, and capitalize on possible tax benefits.

Stocks and Securities

Individuals who contribute specific assets such as stocks, bonds, mutual funds and other financial instruments, which may have increased in value since purchase date and have been held for no less than one year, can avoid any capital gains tax by donating these appreciated securities. Federal tax liability may be reduced.

Employee Matching Gifts

Many companies will match their employees’ contributions to non-profits. Some companies also contribute to charities where their employees volunteer. Even if you are retired, work part-time or are the spouse of an employee, you might be able to increase your contributions through your employer. Contact your Human Resources Department, obtain a matching gift form, fill out the employee portion and mail the form to Catholic Charities. More of our needy clients will benefit because of your matching gift.

For more information, contact Michael Thomas at michael.thomas@catholiccharitiesjackson.org or call 601-326-3714