is an important tradition for many people. Making gifts in your name or others offers a wonderful way to affirm your values and priorities. Honoring a loved one through charitable gifts is often an especially meaningful act of paying tribute to someone special.

GIFTS FOR EVERY "OCCASION"

Gifts made in honor of or in memory of family and friends at times such as Mother’s Day or Father’s Day; at the birth of a child or grandchild; or on a birthday, wedding, anniversary, a death of a loved one or other notable occasion can be gifts of love that show how much you care.

CONSIDER THE POSSIBILITIES

Take a few moments to think about the best ways to make your gifts in honor of others.

Gifts of cash: Gifts of cash and by check are the most popular methods of memorial giving. Such gifts are convenient and can be tax deductible.

Other property: Memorial gifts may also be funded with assets such as stocks, bonds, and mutual funds that have increased in value. You not only receive regular tax savings, but you entirely avoid the capital gains tax on qualified assets given for charitable use. This extra tax benefit is one reason why a growing number of people choose to make memorial gifts using property other than cash.

Leave a legacy: Many discover that their long-range estate and financial plans provide a thoughtful way to make memorial gifts in honor of others. See the next page for more information.

A LIVING LEGACY

Consider the following ways to leave a legacy in memory of a special friend or loved one.

A gift included in your will or living trust can establish a lasting legacy.

A gift of excess retirement funds, such as pension plans or Individual Retirement Accounts (IRAs), may allow you to give more, while eliminating taxes that may otherwise largely deplete these assets.

Gifts of life insurance that have fulfilled their original purpose may offer excellent tax benefits. Policies that you purchased to protect a loved one who no longer needs that protection can be an excellent way to make a gift in honor of that person.

Gifts that provide an income can be a tax-effective way to provide you and/or someone else you designate with regular payments for life or other period of time. Check with us or your advisors for more information.

Gifts made in any of these ways will serve to honor special loved ones. Complete and return the form on the reverse side for more information on these and other options you may wish to consider.

GIFTS FOR EVERY "OCCASION"

Gifts made in honor of or in memory of family and friends at times such as Mother’s Day or Father’s Day; at the birth of a child or grandchild; or on a birthday, wedding, anniversary, a death of a loved one or other notable occasion can be gifts of love that show how much you care.

MAXIMIZE YOUR TAX BENEFITS

Memorial gifts of cash are generally deductible in amounts up to 50% of your adjusted gross income (AGO). Gifts of appreciated assets are generally deductible in amounts up to 30% of AGI.

When securities and certain other properties you have owned for more than a year are donated, you are entitled to a deduction for their full value, not just their original cost. This results in your receiving a tax deduction based on "paper profits" without having to pay capital gains tax. If assets have decreased in value, consider selling them, thereby creating a loss for tax purposes, and making deductible gifts of the cash proceeds.

Consider making larger gifts in years when you have more income. The higher your tax bracket, the greater the savings from your gifts.

Remember to keep your receipts and acknowledgment letters for tax purposes.

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Franciscan Fathers Third Order Regular of St. Francis
Province of the Immaculate Conception
St. Bernardine Monastery
P.O. Box 139 Hollidaysburg, PA 16648-0139
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