A charitable bequest is a wonderful way for you to help further the work of Catholic Charities of the Archdiocese of Galveston-Houston and our mission to help those in need live with dignity and become self-sufficient in the Greater Houston region.

There are many reasons why you might consider making a charitable bequest, and we are here to help you consider your plan to meet your financial needs while also making a lasting impact on the people Catholic Charities serves.

Gifts from Your Estate

A bequest is a gift from your estate—a transfer of cash, securities, or other property made through your estate plans. You can make a bequest to Catholic Charities by including language in your will or living trust leaving a portion of your estate to the university, or by designating Catholic Charities as a beneficiary of your retirement account or life insurance policy.

Remembering Catholic Charities with a bequest from your estate will help sustain and strengthen the organization in years to come. Some of the advantages of creating a bequest include:

  • A bequest costs nothing now, yet gives you the satisfaction of knowing you have provided for Catholic Charities in the future
  • You retain control of and use of your assets during your lifetime
  • You may modify your bequest if your circumstances change
  • Gifts to Catholic Charities from your estate are exempt from federal estate taxes

As you consult your attorney on the selection of appropriate wording to reflect your own goals, be sure the organization’s correct legal name appears in all final documents as: Catholic Charities of the Archdiocese of Galveston Houston.

You may direct all or a portion of your estate to the Catholic Charities. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to Catholic Charities as part of your estate plan. The recommended bequest language below is intended to help you and your attorney in drafting a bequest that satisfies your interests.

I give, devise, and bequeath to Catholic Charities of the Archdiocese of Galveston Houston, or its successor, (insert dollar amount) Dollars to be used for its general purposes.

OR

I give, devise, and bequeath to Catholic Charities of the Archdiocese of Galveston Houston, (insert percentage amount) percent of the residue of my estate to be used for its general purposes.

OR

I give, devise, and bequeath to Catholic Charities of the Archdiocese of Galveston Houston all or a (insert percentage amount) percent of the rest, residue and remainder of my estate, both real and personal, to be used for its general purposes.

Most donors leave their gifts to Catholic Charities without restriction. This allows the Catholic Charities to use these funds to help us fulfill our mission. Catholic Charities honors a donor's stated intent for the use of a gift, and donors who wish to designate the use of any gift, whether made during their life or through their estate, will have that wish honored.

Please contact us if you have any questions about leaving a bequest to Catholic Charities, and we would be happy to assist you. If you have been so generous as to include a bequest to Catholic Charities of the Archdiocese of Galveston-Houston in your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.

IRA Charitable Rollover

If you are 70½ or older you may also be able to lower the income and taxes from your IRA withdrawals by making an IRA Charitable Rollover.

Benefits of an IRA charitable rollover

  • Satisfy your required minimum distribution (RMD) for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the 50% deduction limits on charitable gifts
  • Avoid taxes on transfers of up to $100,000 from your IRA to Catholic Charities
  • Help further the work and mission of our organization

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to tell them you would like to make a gift from your IRA to Catholic Charities of the Archdiocese of Galveston Houston.
  2. Your IRA funds will be directly transferred to Catholic Charities to help us continue our important work. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
  3. If you wish for your gift to be used for a specific purpose, please contact us and let us know.

 

Gift of Stock

To help you facilitate a gift of stock, please use the following three simple steps:

Step 1 – Initiate the Stock Transfer

Securities can be gifted to Catholic Charities via electronic transfer in which your broker transfers shares using the Catholic Charities DTC number.

Step 2 – Send the Securities to the Catholic Charities

The following is a list of Catholic Charities’ brokerage accounts:

Chase Investment of Services Corp

1166 Avenue of the Americas, 20th Floor
New York, NY 10036
A/C #73952043
DTC #0352

Sanders Morris Harris

600 Travis, Suite 5800
Houston, Texas 77002
A/C#5mj-070950
DTC #0443

Contact: Don Sanders
Phone Number: 713.250.4213; Fax Number: 713.250.4298

Step 3 – Notify Catholic Charities about Your Donation

Securities are transferred into our account without any identifying information about who donated them. So we can properly acknowledge and receipt your gift please contact Brian Gillen at bgillen@catholiccharites.org or 713.874.6624 and let us know what securities you are donating to us and the number of shares.

Thank you for your interest in supporting Catholic Charities of the Archdiocese of Galveston-Houston while planning your future.