2410 S. 9th St. Lafayette, IN 47909 765.474.7500

Planned Giving


Planned Giving

Did you know there are creative ways to support the Lafayette Catholic School System (LCSS)? Ways in which LCSS, you and loved ones all benefit at the same time?

Such giving techniques are called “planned gifts”, because with thoughtful planning you create win-win solutions for you and LCSS. If you need help or have questions about making a planned gift to LCSS, contact Matt C. Buche, Director of Advancement at (765) 607-4902 or mbuche@lcss.org.

Name LCSS in Your Will

How it works:

Include a bequest to the Lafayette Catholic School System in your will or trust. Make your bequest unrestricted or direct it to a specific purpose. Indicate a specific amount, or a percentage of the balance remaining in your estate or trust.

Benefits:

Your assets remain in your control during your lifetime. You can modify your bequest to address changing circumstances. You can direct your bequest to a particular purpose (be sure to check with us to make sure your gift can be used as intended). Under current tax law there is no upper limit on the estate tax deduction for your charitable bequests.

Charitable Gift Annuity

How it Works:

You transfer cash, securities or appreciated assets to the Lafayette Diocesan Foundation, Inc. (LDFI) and name LCSS as the beneficiary. LDFI pays you or one other beneficiary you name, fixed income for life. The remaining balance passes to LCSS when the contract ends at the death of the last beneficiary.

NOTE:

  • Minimum gift amount is $5,000
  • Beneficiaries must be at least 60 at the time of the gift.

Benefits

Receive dependable, fixed income for life in return for your gift. In many cases, increase the yield you are currently receiving from stocks or CDs. Receive an immediate income tax deduction for a portion of your gift. A portion of your annuity payment will be tax-free.

Retirement Plan Gifts

How It Works:

Name LCSS as a beneficiary of your IRA, 401(k) or other qualified plan. Designate us to receive all or a portion of the balance of your plan through your plan administrator. The balance in your plan passes to LCSS after your passing.

Benefits:

Avoid the double taxation your retirement savings would incur if you designate your heir(s) as beneficiary(ies). Continue to take regular lifetime withdrawals. You can revoke us as a beneficiary if your family’s needs change.

Gifts of Real Estate

How It Works:

You deed your home, your vacation home, undeveloped property or a commercial building to LCSS. LCSS may use the property for its own purposes or may sell it and use the proceeds.

Benefits:

You receive an income tax deduction for the fair market value of the real estate at the time of the transfer. You pay no capital gains tax on the transfer. You can direct the proceeds from your gift to a specific program at LCSS.

Gifts of Business Interests

How It Works:

You give shares of closely-held stock to LCSS. LCSS may hold the shares and collect the dividends, or it may offer the stock back to your company for redemption or re-purchase. LCSS will apply the dividends or the proceeds to the purposes you wish to support.

Benefits:

You receive gift credit and an immediate income tax deduction for the appraised value of your shares, even if their original value was close to zero. You pay no capital gains tax on any appreciation that has taken place in the shares. Under certain conditions, you may be able to use closely-held shares to fund a Charitable Gift Annuity. You can make a significant gift that benefits both you and LCSS during your lifetime without using your cash reserves to do so.