Raider Catholic Legacy

What is a “planned gift”?

It is a gift given to a charity through a will, contract or trust. Planned Giving is charitable giving that is planned, often deferred, and usually spread out over an extended period of time.

What are the key benefits to estate planning?

As you work your way through important family and financial matters, remember that there are Planned Giving opportunities that could benefit you and others! Your estate may benefit significantly from the charitable tax deduction. Making a gift in your will demonstrates generous Christian Stewardship, and inspires others to follow in your footsteps. It encourages a tradition of giving, a family philanthropy, which continues to future generations. Click here to learn about the benefits of Planned Giving. 

Why is Planned Giving important?

Each generation is given an important mission in the Catholic faith: how do we pass on the faith to the next generation? First and foremost we pass on our faith through evangelization by knowing our faith well and sharing it with others. Just as important is the careful and prayerful sharing of our Godgiven resources. One of those resources — our assets — includes the things we have accumulated over our lifetime. As Catholic Christians, we believe that our assets and our ability to acquire them are gifts from a loving, generous God. We have a responsibility to use these gifts wisely and prudently — as well as to share them with others — our family certainly, but also with those institutions devoted to spreading God’s reign on earth.

How can I make a planned gift in my will to Raider Catholic?

The most common vehicle is a bequest in a will, in which you decide to remember Raider Catholic or a specific ministry by setting aside a stated amount, a specific asset, or a percentage of your estate. The terms of the gift can be changed at any time by an amendment to your will.

How do I word my bequest?

The wording of a bequest is contingient on the type of bequest you would like to gift Raider Catholic. Please work with a trusted advisor for specific wording, however, a sample is provided below:

“With gratitude for all that God has given me, I give, devise, and bequeath to Raider Catholic of St. Elizabeth's University Parish in Lubbock, TX a/an Texas religious corporation, the sum of $_______________ (or description of specific property).”
 

If I already have a will, are there other factors to consider?

An existing will should be reviewed regularly to ensure that it meets all present needs and specific plans to manage and distribute your property. If your spouse or other heirs have died, you should have your plans reviewed by an experienced professional to determine the impact of these changes. Such a professional can also provide advice on the often changing federal and state laws that govern wills and estates.

How can the Raider Catholic staff help?

Our staff is available to:

• Discuss and ensure the desired impact of your planned gift
• Provide resources on planned giving topics specific to your interests
• Help identify professionals (attorneys, accountants, financial planners, etc.) willing to assist with estate planning