Benefactors can make a lasting impact in many ways through planned gifts:
Bequests
Join our Legacy Society of friends who have established a future gift to Cristo Rey Network by including a bequest provision in your will. If this is of interest to you, the language below may be of help you and your attorney.
Specific Dollar Amount
"I give, devise, and bequeath to the Cristo Rey Network, an Illinois nonprofit corporation, Federal Tax ID #04-3730980, the sum of _________ Dollars ($____________), for the Cristo Rey Network's general use and purpose.
Specific Percentage
"I give, devise, and bequeath to the Cristo Rey Network, an Illinois nonprofit corporation, Federal Tax ID #04-3730980, an amount equal to _____________ percent (_______%) of the value of my estate at the time of my death for the Cristo Rey Network's general use and purpose.
If we are blessed to be named a beneficiary of your will, we would be grateful to know and keep a copy of your intentions on file. Please contact Brenda Morris at bmorris@cristoreynetwork.org or (312) 784-7208.
IRA Qualified Charitable Gift
Donors 70½ years old or over can make charitable gifts of any amount up to $100,000 to the Cristo Rey Network directly from their IRA. This qualified charitable distribution counts toward your required minimum distribution (RMD) for the current tax year. The funds distributed are never included in your adjusted gross income. The distribution goes to the Cristo Rey Network tax-free. Even taxpayers who do not itemize their deductions enjoy a tax benefit from giving under this law. Contact your tax advisor or IRA provider for details.
Charitable Gift Annuities
Would you like to make a significant gift to the Cristo Rey Network without being concerned about outliving your savings? For donors over the age of 55, a Charitable Gift Annuity is a one-time gift in the form of cash or securities from you to the Cristo Rey Network in return for an immediate charitable deduction and fixed income payments for the rest of your life. The Cristo Rey Network pleased to partner with the National Gift Annuity Foundation, a vetted provider (at no cost to us) offering attractive rates ranging, depending on the age of the donor. For more information about Charitable Gift Annuities, contact us or your financial advisor.
Beneficiary Designations
Make Cristo Rey Network a full or partial beneficiary of your annuity or life insurance policy, 401(K), or IRA by requesting a beneficiary designation form for your plan administrator. Our legal name is Cristo Rey Network, and our Federal Tax ID #04-3730980.