Planned Giving Options

Planned Giving

The future of the National Shrine of Saint Frances Xavier Cabrini relies on your support as we are a self supporting organization. You may sustain our Shrine ministry by making a gift in any of the following ways:

 

Bequests

Gifts may be made for a specific dollar amount, a percentage of the total estate or the residuum remaining after all debts, taxes, expenses and other bequests have been paid. Specific bequests of property such as real estate may also be made.

 

Tax Deferred Retirement Plan

You may name a charity as a beneficiary in one’s tax deferred retirement plan such as an IRA, Keough Plan, 401(k) plans and 403(b) plans. The distribution from any of these plans would happen after your death and may be advantageous from a tax point for your family.

 

Life Insurance Gifts

An excellent way to make a charitable gift is through policies that are no longer needed for family protection or business purposes regardless of whether or not all the premiums have been paid. When ownership of the policy is irrevocably assigned to The National Shrine of Saint Frances Xavier Cabrini, the cash value of the policy is a tax deductible gift, as are all future premium payments. By establishing new life insurance policies, specifically for The National Shrine of Saint Frances Xavier Cabrini, a donor is able to make a substantial gift for a relatively modest annual outlay.

 

Gift Annuities

In exchange for a gift of cash or securities, The National Shrine of Saint Frances Xavier Cabrini will guarantee to pay you and/or another beneficiary a specified annuity. This is one of the oldest and simplest ways of making a gift, and in addition to the current charitable deduction, a portion of each annuity payment is income tax free.

 

Bond Gifts

The Shrine welcomes gifts of bonds. A person who has a charitable intent can apply 100% of the bond’s value to a specific charitable purpose.

 

The information provided above is not offered as legal or tax advice. If you wish to make a planned gift, please consult your own financial advisor or attorney to discuss your gift to the Shrine. The Shrine welcomes the opportunity to discuss and collaborate with you and your advisors on how you might consider making a gift to the Shrine. If you have questions regarding Planned Giving options, kindly call Sr. Bridget Zanin, MSC, at 773.360.5733 or the Development office at 773.360.5746. If you wish to include The National Shrine of Saint Frances Cabrini in your plans, kindly let us know.

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2520 N. LAKEVIEW AVE.
CHICAGO, IL 60614
P: 773.360.5115
F: 773.432.7043

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A Spiritual Center and
An Architectural Masterpiece
in the Heart of Lincoln Park