Ways of Giving Through Planned Giving
How You Can Help
Give a gift that will aid the future of the Province. By making a planned gift, our friends and benefactors are extending their commitment to helping the ministries and works of the Franciscan Friars, T.O.R. beyond their own lifetimes. They are ensuring the Franciscan T.O.R. Order’s mission to safeguard and uplift the people of God whom they serve also in your name so it will continue far into the future.
To assist you with the determination of a gift opportunity that meets your charitable, financial and estate tax objectives, the following chart offers an explanation of different gifts and how they can benefit you and our ministries around the world. Prior to making one of these gifts, you will want to consult with your attorney or financial advisor to ensure that your wishes will be carried out in accordance with the appropriate state and federal regulations.
We invite you to become a “Partner In Mission”, a very special group of people who are uniquely dedicated to helping the world’s most impoverished people. These individuals are our “Partners in Mission” and other donors who have made planned gifts. These gifts include naming the Franciscan Friars, T.O.R., St. Bernardine Monastery in a Will, trust, life insurance or retirement account as a beneficiary. It also includes people who make gifts of stocks, bonds or mutual funds. Planned giving methods help maximize the personal benefits of charitable giving and also allow individuals to make gifts they might not have thought possible. Many members of our “Partners in Mission” add value to their giving by taking advantage of tax laws that encourage philanthropy.
The Importance of Using Professional Counsel
We always encourage prospective donors to seek the advice of professional counsel concerning the best giving option for them. We would welcome the opportunity to provide you or your attorney with additional information on any of the methods of giving described here.
The information presented in this brochure is an overview based upon current tax laws; it does not purport to be definitive. We hope it will help you find the most mutually advantageous way to create and leave a legacy through your gift to the Franciscan Friars, T.O.R.
Saying “Thank You” – Sometimes people include a bequest for the Franciscan Friars, T.O.R. and we learn about it only after their death. We are so grateful to them, for they have helped to assure a brighter future for many, and we would have enjoyed expressing our gratitude while they were living. For us it is important to say “thank you” and, when possible, to do so in person.
If you decide to include the Franciscan Friars, T.O.R. in your planning, please let us know. We want to say “thank you” and to thank God for you.
Types Of Gifts Giving Beyond Your Own Lifetime
Bequest in a Will
Bequests are one of the simplest, yet most effective forms of making a planned gift. You can easily include our community in your will, and doing so may qualify your estate for an income tax deduction. Funding is provided for programs and services to benefit the friars’ ministries.
Recommended Language to name the Franciscan Friars, TOR as a Beneficiary of your Will:
The Franciscan Friars, T.O.R.
St. Bernardine Monastery
P.O. Box 139 Hollidaysburg, PA 16648
I give, devise and bequeath to the Franciscan Friars, T.O.R., St. Bernardine Monastery, Province of the Immaculate Conception USA, Hollidaysburg, Pennsylvania, fully incorporated under the laws of the Commonwealth of Pennsylvania, the sum of $________ or a ____ % of my residuary estate. I direct that this gift be used to support Franciscan ministries and works, the education of future priests and retired and sick friars.
For Masses to be offered:
I give, devise and bequeath to the Franciscan Friars, T.O.R., St. Bernardine Monastery, Province of the Immaculate Conception, Hollidaysburg, Pennsylvania, fully incorporated under the laws of the Commonwealth of Pennsylvania, the sum of $____________ I direct that this gift be used for Masses to be fulfilled for the following persons named herein:
(You can also name The Franciscan Friars, T.O.R. – St. Bernardine Monastery -P.O. Box 139 – Hollidaysburg, PA 16648 as a contingent beneficiary of your estate.)
Life Insurance
Existing or new policies may be used, and premium payments may be deducted as gifts. Income tax deduction may be applied for the value of policy when transferred and an estate and income tax deduction could be possible. Proceeds of the life insurance policy can be used to help support our ministries, and educate future priests and religious to the vowed life.
A Retirement Plan (IRA, Keogh ) Offers possible estate and income tax savings, leaving potentially significant funds to support Franciscans programs to assist the poor.
Charitable Remainder Trust
- Fixed or variable income
- Income can be deferred
- Estate and income tax deduction possible upon the death of the last surviving beneficiary, remaining assets benefit our works.
Gifts of Stock, bonds, or other Securities
Gifts of appreciated Securities, Stocks, Bonds or Mutual Fund Shares may provide:
- Income tax deduction when transferred
- Avoid capital gains tax on securities’ appreciation
Our brokerage number:
Account Name: The Franciscan Friars, TOR
Account Number: 30159255
DTC Number: 0235
Tax ID Number: 23-6278932
Trailer: Donor’s name and Zip code
Broker: RBC Wealth Management
1 Logan Sq
130 N 18th St 17th Fl
Philadelphia PA 19103
(866) 340-8871 (toll-free)
Please contact our Development Office at 814-695-3802 and to notify us on the transfer of gifts of stock or securities.
Gifts of Personal Assets
Please contact our Development Office to discuss the possibility of other gifts to help the Franciscan Friars, TOR or for the establishment of a charitable gift annuity and for additional information about gift planning, by email or call our toll free number: 1- 866-695-3802.
Your support means a great deal to us and to the future of of our Order. We invite you to become a member of “Partners in Mission”.
If you have already included The Franciscan Friars, T.O.R., St. Bernardine Monastery as a beneficiary of your estate, please let us know so we can thank you now for your generosity and foresight and ensure your gift is administered according to your wishes. All correspondence regarding these giving opportunities will be held in strictest confidence.
