Planned Giving

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Providence Legacy Society 

Membership in this honorary society is conferred upon generous benefactors who have provided for Providence Catholic High School in their estate plans by way of a will, charitable remainder trust, gift annuity, life insurance policy, or other form of a planned gift.

Members of the Providence Legacy Society have expressed their commitment to Providence Catholic High School through a very special and important form of financial support.

Once you complete your estate plans, please let us know. We would like to thank you for your generosity by including you in the Providence Legacy Society.

Sample Gift Language for your Will or Revocable Living Trust

A gift to Providence in your will or revocable trust enables you to support our mission and make a difference in the lives of future generations. A bequest:

  • is easy to arrange.
  • will not alter your current lifestyle in any way.
  • can be easily modified to address your changing needs.

Residual Gift Language

A residual bequest comes to Providence Catholic after your estate expenses and specific bequests are paid:

I give and devise to Providence Catholic High School (Tax ID #36-2436117), located in New Lenox, 60451, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).

Specific Gift Language

Naming Providence Catholic High School as a beneficiary of a specific amount from your estate is easy:

I give and devise to Providence Catholic High School (Tax ID #36-2436117), located in New Lenox, 60451, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).

Contingent Gift Language

Providence Catholic High School or its affiliates can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

If (insert name) is not living at the time of my demise, I give and devise to Providence Catholic High School (Tax ID #36-2436117), located in New Lenox, 60451, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).

Retirement Plan Beneficiary Language

You may name Providence Catholic High School (Tax ID #36-2436117) as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.

Naming Providence as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of tax consequences. By naming Providence as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor’s death the plan passes to support Providence free of both estate and income taxes.

Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify Providence Catholic High School. We can also assist you with the proper language for your beneficiary designation to Providence.

Customized Language

If you or your attorney would like Providence to provide you with customized beneficiary language that is specific to your goal and interest, please contact us.

 

             

Question about Giving?

Contact Jane Lagger, Director of Annual Giving and Major Gifts at 815.717.3162.

 

 

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