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About


Bequest Language

Making a Bequest
The first step in making a bequest should be securing the services of an attorney who is proficient in the area of estate planning. When discussing your will with an attorney, you may refer to the following text. Since many estate planning vehicles exist, an attorney who is knowledgeable of your entire financial picture will be in the best position to make recommendations that will provide the outcome you seek.

Recommended Bequest Language
A bequest to the Catholic Diocese of Greensburg:
"I give, devise and bequeath the sum of $ ________________ to the Catholic Diocese of Greensburg, a Pennsylvania Charitable Trust, (or otherwise describe the real estate or gift or specify a percentage of the estate).  This gift shall be devoted to the charitable purposes for the Catholic Diocese of Greensburg as deemed appropriate". Or "This gift shall be used for (state specific purpose here)."

A bequest to the Catholic Diocese of Greensburg for Endowment (Seminarians, Priest Retirement, Evangelization, Youth Ministry):
"I bequeath the sum of $____________ to The Catholic Foundation for the Diocese of Greensburg, a Pennsylvania Charitable Trust. This bequest shall be added to the (Insert Name here) Endowment Fund or This bequest shall be used to establish the (Insert Name here) Endowment Fund.  This fund shall be devoted to the charitable purposes for the Catholic Diocese of Greensburg as deemed appropriate". Or "This Fund shall be used for (state specific purpose here)."  Note: Please contact the Catholic Foundation at 724-552-2502 to determine if an endowment fund for your designated purpose has already been established.  Also, the minimum to establish a "named endowment fund" in your name or the name of a loved one is $50,000.

A bequest to a Parish/Catholic School:
"I give, devise and bequeath the sum of $ ________________ to the (Parish/Catholic School Name, City and Address), of the Diocese of Greensburg, a Pennsylvania Charitable Trust (or otherwise describe the gift or specify a percentage of the estate)."

A bequest to a Church/Catholic School Endowment in the Catholic Foundation:
"I bequeath the sum of $____________ to The Catholic Foundation for the Diocese of Greensburg, a Pennsylvania Charitable Trust. This bequest shall be added to the (Insert Parish/Catholic School name) Endowment Fund. This fund shall be devoted to the charitable purposes for (Insert Parish/Catholic School name) as deemed appropriate."

A bequest to Catholic Charities
"I bequeath the sum of $ ________________ to Catholic Charities of the Diocese of Greensburg, a Pennsylvania Charitable Trust (or otherwise describe the gift or specify a percentage of the estate).

A bequest to a Catholic Charities Endowment in the Catholic Foundation:
"I bequeath the sum of $____________ to The Catholic Foundation for the Diocese of Greensburg, a Pennsylvania Charitable Trust. This bequest shall be added to the Catholic Charities Endowment Fund. This fund shall be devoted to the charitable purposes for Catholic Charities as deemed appropriate."

Contact Us:

Joseph DiMario | 724-552-2502 | jdimario@dioceseofgreensburg.org | 723 East Pittsburgh Street, Greensburg, PA 15601

A charitable bequest is one or two sentences in your will or living trust that leave to The Catholic Foundation for the Diocese of Greensburg a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to The Catholic Foundation for the Diocese of Greensburg [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the Church or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the Church as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the Church as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and the Church where you agree to make a gift to the Church and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.