Planned Ways on Giving to Christ the King Parish
Anchored in more than 75 years of
courageous tradition, the Parish and
School of Christ the King takes
pride in helping students develop
into graduates of conscience,
competence, and compassionate
commitment in the tradition of the
Catholic teachings. In this context,
the Parish and School of Christ the
King seeks to develop leaders of
intellectual distinction, those who
are grounded in faith and committed
to social justice.
All gifts large and small make a
difference. There is a strong
correlation between the most highly
regarded private schools and the
giving rate that each school enjoys.
Another critical dimension to our
giving profile is that foundations
often require information regarding
the participation of Alumni,
faculty, trustees, and most
importantly, parents who are donors.
Your gifts, regardless of the
amount, provide the Parish and
School of Christ the King with
valuable advantages to obtain
services and tools.
We invite and encourage you to sustain
the remarkable legacy so that our
unique heritage may continue and in
fact, be enhanced as present and
future students of the Parish and
School
discover their excellence in
the traditions established over 75
years ago.
What are the
types of assets you can give?
-
Cash
It is, of course, the
easiest transaction for both
you and us. You are limited
only by your cash flow and
your inclination to draw
from your cash reserves.
-
Appreciated securities
Get the same tax deduction
as if you had given cash,
but use stocks, bonds, or
mutual fund shares that cost
you less than they are
currently worth. Your
deduction is based on market
value, but you incur no
capital gains liability on
the transfer to us: It's one
of the best tax incentives
left, and we can work with
your broker to make a gift
of securities simple.
-
Real estate
Gifts of land, vacation
homes or income-producing
properties can bring great
benefits to us. We have to
review each gift proposal
carefully and sometimes it's
not practical for us to
accept. You can give real
estate outright, transfer it
in a part sale/part gift
arrangement, use it to fund
a life-income gift, or give
your residence and reserve
the right to continue to
live there.
-
A retirement account
The balance remaining in
your retirement account
after your death is often
subject to double taxation
if it passes to your heirs,
by being taxed both as
income and as an estate
asset. Result? Over 75% of
the account value may go to
taxes. It's a better plan to
designate the remainder of
your account to us, and then
use other assets for gifts
to your family. New
regulations simplify the
procedure of naming a
charity as beneficiary, and
we are ready to help you
plan this gift.
-
Appreciated assets
You may be holding a book
collection or artwork that
you no longer wish to
maintain. Instead, these
assets could bring real
benefit to us. There are
particular IRS requirements
to meet before you can
deduct a gift of appreciated
assets. And, we will review
each gift proposal carefully
to make sure that we can put
the asset to good use.
-
Business interests
A partnership, an interest
in a business, shares of
closely held stock, or a
limited partnership share
may all hold value for us.
We'll review the proposed
gift, and if we agree will
work with you and your
advisors to make the
transfer simple.
With your generosity of heart, we can
help to make a difference to not only our students, but also to the Our Parish,
community, and to our Church in which we all live, work and pray.
Our school and parish operations are dependent on the generosity of our
sponsors and people like you to help.
Please note you will be directed to the "Planned Giving to the Archdiocese of Chicago"
website.
Should have any additional questions or would like to find
out more information, please contact
a member of the Christ the King
Parish Staff by telephoning
1-773-238-4877 or by stopping by the
Rectory.
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