Help Continue the SCMC Mission
Did you know that by including a charitable gift in your will or estate plan, you can help to continue the SCMC mission well into the future?
Ever-changing tax laws make financial planning a necessity, and an excellent way to establish your charitable legacy while providing for your family and friends.
You can make a difference. The legacy you leave will communicate your values to future generations.
Any amount can have a big impact over time.
We know that it is through your goodness and faithfulness that we can continue strong in our mission to bring hope to our brothers and sisters in need. Planned giving brings with it a sense of peace, knowing that Our Lord has used you to help provide for our future and that of our extended family — all those we serve.
You are a gift and a blessing to us!
If you decide to include the Sisters of Charity of Our Lady, Mother of the Church in your Will or other estate plans, please let us know. We can help to ensure your wishes are carried out properly.
We thank you profoundly for remembering us!
These Gifts Make Giving Easier
You don’t have to write a check to make a gift to the Sisters of Charity!
From the giving of appreciated stocks, bonds, or mutual fund shares to creating a gift that costs you nothing during your lifetime, there are so many ways you can support our Sisters and make a difference in the lives of those we serve.
The following gift vehicles are most commonly used in charitable giving.
Bequest in your will or living trust
A gift in your will or revocable living trust is known as a bequest.
This form of giving is accomplished simply by including a few sentences in your Will or living trust.
Gifts from retirement plans
When making a gift from your IRA, retirement plan assets, or life insurance, you can name the Sister of Charity of Our Lady, Mother of the Church as the primary or contingent beneficiary.
The gift can be in the form of a dollar amount or percentage amount and will need to be listed on the beneficiary designation form.
Life income gifts (Trusts)
When you irrevocably transfer assets to a charitable remainder trust, you or others that you designate will receive income for life or for a set number of years.
At the end of the term, the Sisters of Charity are able to use the remaining balance to carry out your wishes and our mission.
Charitable gift annuity
A charitable gift annuity provides fixed payments to you and/or someone you designate in exchange for your gift of cash or securities to the Sisters of Charity.
Gift annuities are easy to set up and the payments you receive are secured for as long as you live.
An endowment fund can grow and provide support in perpetuity. When you establish an endowment fund, you create a permanent legacy.
It’s easier than you think to give a gift that makes a difference.
Your Financial Advisor will be in the best position to discuss options that make the most sense for you and your family, but we’d be happy to answer any questions we can.
You can reach our Development Ministry Team by calling us at: 860-822-6323.
Types of Bequests and Sample Language
Bequests can be Restricted or Unrestricted.
Types of Bequests include: Specific, Percentage, and Residuary
Unrestricted Bequests are available for the general use of the Sisters of Charity and can be applied where the need is greatest at the time the bequest is received.
Restricted Bequests are designated to an Endowment Fund or particular Sisters of Charity ministry.
A Specific Bequest directs an exact amount of money or a particular asset to the Sisters of Charity.
A Percentage Bequest designates a percentage of an estate rather than a specific dollar amount or a specific item.
A Residuary Bequest is the part of an estate left after all expenses have been paid and other specific and percentage bequests have been distributed.
Sample Language for a Restricted Specific Bequest
“I give, devise and bequeath $X or X asset to the Sisters of Charity of Our Lady, Mother of the Church, a 501 (c)(3) nonprofit organization located at 54 West Main Street, Baltic, CT, 06330-0691, Tax ID # 06-1440634, for the support of the care of the aged and infirmed sisters.”
Sample Language for an Unrestricted Percentage Bequest
“I give, devise, and bequeath X% of my estate to the Sisters of Charity of Our Lady, Mother of the Church, a 501 (c)(3) nonprofit organization located at 54 West MainStreet, Baltic, CT, 06330-0691, Tax ID # 06-1440634, for its general use and purposes.”
Sample Language for an Unrestricted Residuary Bequest
“I give, devise and bequeath the rest, residue, and remainder of my estate consisting of property, both real and personal, wherever situated, which I may own or be entitled to at my death, to the Sisters of Charity of Our Lady, Mother of the Church, a 501 (c)(3) nonprofit organization located at 54 West Main Street, Baltic, CT, 06330-0691, Tax ID # 06-1440634, for its general use and purposes.”
Our Legal Name is:
Sisters of Charity of Our Lady, Mother of the Church
54 West Main Street, Baltic, CT 06330
Tax ID # 06-1440634
Disclaimer: The information provided above is not intended to be legal or tax advice. It is always advisable to consult with a qualified estate planning attorney when drafting your will to ensure your wishes are properly documented.