Most people do not realize that they can leave assets from their accounts to their favorite charitable organizations. You may name a charity as a full, partial or contingent beneficiary to a brokerage, savings or other accounts. Simply fill-out a “change of beneficiary form” offered by your account representative. 

Do you have a Donor Advised Fund? Please consult with your advisor about how you can make a gift through your Donor Advised Fund. 

All information regarding Planned Gifts is held in the strictest of confidence and donors may choose to remain anonymous.  The information contained on this webpage is for informational purposes only and is not intended to serve as legal or tax advice. For specific information about any of the above opportunities, please consult your tax adviser or attorney. 

You can leave a significant legacy by donating a paid-up policy you may have outgrown, or by naming Connelly School of the Holy Child as a beneficiary of an insurance policy. Life insurance paid to a charity is not subject to Federal estate tax and you may be able to receive an income tax deduction for your premium payments. 

Your IRA, 401k, 403b, or other retirement plan is a wonderful way to leave a legacy. You can name Connelly School of the Holy Child as a full or partial beneficiary on a “change of beneficiary form.” Did you know that retirement plans left to individuals or family trusts are some of the most heavily taxed upon death -- up to 70% of your plan’s value could be lost to taxes. As a 501(c)(3) charitable organization, CSHC receives these same assets free of all taxes. 

Gifts of appreciated stocks, bonds and other securities you own for at least one year are eligible for your charitable income tax deduction based on their fair market value on the gift date, and no capital gains tax is due on the appreciated value. 

Charitable Trusts 

Hard-earned assets are worth protecting and various charitable strategies can safeguard family assets while providing security for loved ones and your favorite charities, like Holy Child. Consider having a conversation with your advisors about whether a charitable trust is right for you. Here are two examples: 

Charitable Remainder Trust 

A charitable remainder trust allows you to provide income distributions for yourself or others while making a gift of the remaining assets to CSHC when the trust ends. The income distributions may continue for the lifetimes of the beneficiaries, a fixed term of not more than 20 years, or a possible combination of the two. 

Charitable Lead Trust 

Annual gifts of income are first made to CSHC and when the charitable lead trust ends, the remaining assets are distributed to you or your beneficiaries. 

Is Holy Child named in your will or other planning documents? 

If your will, trust, or other estate plans include Holy Child, please let us know! We will ensure your gift will be used exactly as you intend and sharing your intention helps us plan for the future. 

Also, once you inform us of your plans, you will be invited to join The Holy Child Legacy Circle. Members of the Circle receive exclusive benefits such a thank you gift for including Holy Child in your will, preferred seating at school performances and invitations to attend events on campus. 

Is it time to update your estate plan? 

Please include a charitable bequest to Connelly School of the Holy Child. For a specific bequest in wills or trusts, please share the following suggested bequest language with your attorney: 

"I give and devise to Connelly School of the Holy Child (Tax ID # 52-0743609), located in Potomac, MD, the sum of $                       to be used for its general support (or the support of a specific fund or program)." 

For contingent, residual or other types of bequest language, please contact, Suzi Montes de Oca at 301-365-0955 x 2122. 

Making a Bequest 

Making a provision in your will for Connelly School of the Holy Child is a simple process. Bequests can be included in your will at its creation or added or updated later by means of a codicil, a type of addendum. The simplest approach is an outright bequest. Below is wording you can use when including a charitable bequest in your will: 

For a Specific Bequest 
"I give and bequeath $                       to Connelly School of the Holy Child.” 

For a Percentage Gift 
"I give and bequeath                       % of all the rest, residue, and remainder of my estate to Connelly School of the Holy Child.” 

Please check with your CPA or tax advisor before making a donation.