Charitable Bequest

Charitable Bequest

Legacies and bequests are basic methods through which a donor designates gifts in their will. The residue of a decedent’s estate, specific dollar amounts, a percentage of the estate, gifts of securities, real property, and business interests may be made as bequests.

A testamentary trust may also be set up with income beneficiaries receiving benefits for a fixed term of years or for life, and with the Foundation receiving all or a portion of the residual principal for the benefit of a diocesan ministry.

Contact Information


4700 Homewood Court,
Suite 320
Raleigh, North Carolina, 27609
Phone: 919/568-1065
Fax: 919/568-3241

Donor Benefits

  • Maintain control of family assets throughout their lifetime.
  • Modify the bequest if circumstances change such as new family members or other charitable needs.
  • Direct the bequest to a particular purpose; donor should check with the Diocese or Parish to make sure that a restricted gift can be used as intended.
  • There is no maximum limit on the estate tax deductions that can be taken for charitable bequests.
  • Identify a specific amount of a charitable bequest or leave a percentage of the assets to charity.
  • A variety of assets may be named in a bequest including cash, securities, real estate, artwork or antiques, IRA assets, Keogh or other retirement plan, tax-sheltered annuity or qualified pension.
  • Wise stewardship of God’s gifts: knowledge that the donor’s favorite charities will be supported even after they have reached their Heavenly reward.