Leave a Legacy
San Xavier del Bac
You can become part of San Xavier’s enduring history
Many people want to give something back. They recognize their good fortune and wish to help a worthy cause like the restoration of San Xavier. You may wish to pass the torch and communicate your values to future generations.
Some people, facing uncertainties in investments and health, like the idea of an assured income. Your attorney and financial adviser can help you select and set up a plan that will work for you.
Here are some examples of ways you may leave a legacy and perhaps receive tax advantages or provide an income flow for you or your heirs. For some examples and more information, contact Patronato San Xavier at PatronatoSX@earthlink.net or call Vern Lamplot, Patronato’s executive director, at 520 407-6130. Also see the links below that may be useful to you in estate planning.
Appreciated Assests»
Appreciated assets are any securities that you have owned for 12 months or more and that have increased in value since you bought them. Those assets are subject to the capital gains tax if you sell them. If you are considering a gift to Patronato San Xavier and the restoration, it may be to your advantage to give stocks, bonds, or mutual funds instead of cash. See Appreciated Assets»
Charitable Gift Annuities»
A Charitable Gift Annuity is a combination of a gift and an annuity. It is a contract between a charity and you. You transfer property to the charity, and the charity pays a given amount to one or two annuitants. You may deduct the present value of the remainder interest of the gift. If appreciated property is transferred, some capital gains can be avoided. Patronato uses the Community Foundation for Southern Arizona to administer gift annuities. See Charitable Annuities»
Charitable Remainder Trust»
A Charitable Remainder Trust transfers assets (usually a substantial amount) to a trust created by you. The trust pays income for life to those named and upon the death of the last beneficiary, the remaining assets are transferred to Patronato. See Charitable Remainder Trusts»
Charitable Lead Trust»
A Charitable Lead Trust distributes an amount each year to selected charities for a chosen number of years. At the end of the term, the remaining principal is given to named beneficiaries, usually family members. The principal benefit is that it allows property to be transferred to family members at a reduced tax cost. See Charitable Lead Trust»
A Bequest»
A Bequest, leaving money in your will, is the simplest way to pass along your assets according to your wishes. See file below for examples of bequest language.