Join the Raphael Legacy Society
The Raphael Legacy Society, named for our founder, St. Raphael Parish, is comprised of donors who have made a special commitment to provide for the continued success of Loaves & Fishes Community Services in their legacy/estate plans.
Please let us know if you have already included Loaves & Fishes in your estate plans. We would be happy to include you in the Raphael Legacy Society and share the benefits of membership with you. For more information on planned giving contact:
Eric Gardner, Director of Philanthropy
View/download our Planned Giving brochure.
The good you do for yourself dies with you. The good you do for your community lives forever.
What is Planned Giving?
A planned gift is a specially structured gift that is usually part of a donor’s overall estate or financial plan. A planned gift may be revocable or irrevocable, frequently provides financial benefit to the charity at a future date rather than currently, and often is the largest gift a donor will make.
Types of planned gifts:
- Charitable Remainder Trust
- Gifts of Appreciated Securities
- Lead Trusts
- Life Insurance
- IRA Beneficiary Designation
- Real Estate Gifts Bequest
Bequest gifts are designated in the donor’s will. You can choose to leave a specified amount from or a percentage of your estate. For samples of wording to be used in a will, please contact Loaves & Fishes.
Charitable Remainder Trust
A charitable remainder trust is an irrevocable trust that pays you during your lifetime. The remainder is paid to Loaves & Fishes upon your death.
Gifts of Appreciated Securities
Instead of giving cash to Loaves & Fishes, shares of stock or mutual funds can be gifted and subsequently sold without incurring taxes. you will receive three benefits from this option: first, you will have assisted an organization that depends on your donation for its mission; second, you will avoid the capital gains tax of selling the security; and third, you will get a tax deduction for the value of the donated security.
A lead trust is an irrevocable arrangement that provides annual gift income from the lead trust assets to Loaves & Fishes over a period of years. At the end of that period, the remaining assets are given to non-charitable beneficiaries, usually children or grandchildren. Lead trusts are particularly appropriate for assets that are likely to appreciate substantially over the life of the trust (typically 10-20 years).
Naming the charity of your choice as the beneficiary of your life insurance policy is the simplest way to provide Loaves & Fishes with the death benefit proceeds from a policy. Consult your financial planner or attorney on acquiring appropriate language for setting up this gift.
IRA Beneficiary Designation
Similar to a life insurance policy, naming Loaves & Fishes as the beneficiary to your IRA is a simple way to make a gift.
Real Estate Gifts
There can be tremendous benefits to donating your home or vacation home to Loaves & Fishes. You will receive the tax benefit today, and remain in your home as long as you would like. After you no longer live in the home, Loaves & Fishes would then take possession.