PLANNED GIVING
As Washington, D.C. changes and neighborhoods around our church continue to evolve, please know that your planned gift to St. Teresa of Avila Church can ensure that the legacy of our parish church – one of the city’s oldest black Catholic churches – can continue.
Wills & Bequests: Once you’ve taken care of your family, please consider a bequest to St. Teresa of Avila Church. The best wording to use is “St. Teresa of Avila Catholic Church of Washington, D.C.” If you decide to name St. Teresa Church in your will, please click here to notify our pastor and finance council. It’s a good idea to consult an attorney before writing your will.
Charitable Gift Annuity: Are you a senior citizen or retiree who would like to support St. Teresa of Avila Catholic Church through a transfer of cash, marketable securities or other assets while continuing to ensure a fixed amount of income each year for life? You can transfer real estate or marketable securities, such as stocks, bonds or mutual fund shares, as well as cash, and in exchange, St. Teresa of Avila Church will pay you a fixed income for life. You will also receive a tax deduction. The minimum amount for a Charitable Gift Annuity through the Archdiocese of Washington is $10,000.
Donor-Advised Funds: Some donors who like low-cost giving vehicles that enable them to maximize their tax benefits for giving use a third party to manage their contributions. Donor-Advised Funds are the fastest-growing charitable vehicle in U.S. philanthropy.
Insurance Gifts: There are several ways to turn insurance policies into charitable instruments: You can take a life insurance policy out on yourself that is owned by St. Teresa of Avila Catholic Church; you can name St. Teresa of Avila Catholic Church as a beneficiary of a life insurance policy or annuity for death proceeds, or you can transfer ownership of an existing policy to St. Teresa of Avila Catholic Church, which can work well for a life insurance policy that contains an unneeded or unwanted benefit.
Stock Gifts: Stocks, bonds, mutual fund shares, and other securities are alternative ways to give that can benefit both you and St. Teresa. When donating assets that have appreciated in value, donors can avoid capital gains taxes. In some cases, St. Teresa also accepts donations of non-liquid assets such as real estate, art, jewelry, and valuable collections.