En Es
En Es
It is recommended that every adult have a carefully planned Will. A Will forms the basis of a person’s estate plan, regardless of the value of their assets. A Will is necessary even if other estate plan arrangements, such as a living trust or jointly-titled property, are in place.
A valid Will is a legally binding document that can help guarantee your objectives at the time of your death – your legacy – will be honored.
A Will is written and executed in accordance with the laws of each particular state. The attorney you hire to help prepare your Will should be licensed in the state in which you reside.
You can make a bigger impact than you ever thought possible in the lives of our OST students. We ask for your prayerful consideration in leaving Oblate School of Theology in your Will.
Legal title: Oblate School of Theology
Tax ID: 74-1357323
On Dec. 23, 2022, Congress passed the Consolidated Appropriations Act of 2023 (now signed into law), which includes a package of retirement reform bills including the SECURE 2.0 Act.
SECURE 2.0 encourages taxpayers to use their IRAs to make qualified charitable distributions (QCD’s) that support their favorite charity like the Missionary Oblates of Mary Immaculate. SECURE 2.0 enhances QCDs by providing:
In addition, rates for a charitable gift annuity increased effective January 1, 2023, as reflected in the rate table below.
*Please note OAT follows the American Council on Gift Annuities and are subject to change.
| AGE | RATE | AGE | RATE | AGE | RATE | ||
| 60 | 4.9 | 71 | 6.0 | 82 | 8.1 | ||
| 61 | 5.0 | 72 | 6.2 | 83 | 8.3 | ||
| 62 | 5.1 | 73 | 6.3 | 84 | 8.5 | ||
| 63 | 5.2 | 74 | 6.4 | 85 | 8.7 | ||
| 64 | 5.3 | 75 | 6.6 | 86 | 8.9 | ||
| 65 | 5.4 | 76 | 6.8 | 87 | 9.1 | ||
| 66 | 5.5 | 77 | 7.0 | 88 | 9.3 | ||
| 67 | 5.6 | 78 | 7.2 | 89 | 9.5 | ||
| 68 | 5.7 | 79 | 7.4 | 90+ | 9.7 | ||
| 69 | 5.8 | 80 | 7.6 | ||||
| 70 | 5.9 | 81 | 7.8 |
Through our partnership with Oblate Annuity Trust (OAT), when you establish a charitable gift annuity (minimum $5,000), you will receive annual fixed payments for the rest of your life (minimum age 59 ½). The annuity rate is based on the donor’s age at the time the charitable gift annuity is established. You will also receive a one-time charitable deduction for the year the gift is made. Upon your death, the amount remaining in your annuity account will positively impact our OST community.
A charitable gift annuity can also be funded with securities such as appreciated stock. With this type of gift you can partially bypass capital gains tax.
Use Your IRA to Make Charitable Gifts
When you reach age 70½, you can take advantage of making a qualified charitable distribution from your IRA. An IRA qualified charitable distribution allows you to make a gift up to $100,000 annually from your IRA to Oblate School of Theology and avoid income taxes on the distribution. Even if you don’t itemize on your federal tax return and take the standard deduction, you can still avoid taxes with this type of gift.
Benefits of a Qualified Charitable Distribution
To Make a Qualifying Gift
Funding a Charitable Gift Annuity with your IRA
On Dec. 23, 2022, Congress passed the Consolidated Appropriations Act of 2023 (now signed into law), which includes a package of retirement reform bills including the SECURE 2.0 Act.
SECURE 2.0 encourages taxpayers to use their IRAs to make qualified charitable distributions (QCD’s) that support their favorite charity like the Oblate School of Theology. SECURE 2.0 enhances QCDs by providing:
In addition, rates for a charitable gift annuity increased effective January 1, 2023.
Consider leaving a legacy gift from your tax-deferred IRA or 401(k) retirement plan to Oblate School of Theology. These plans are typically pre-tax assets that will be heavily taxed when given to anyone other than a spouse. When you name Oblate School of Theology as beneficiary, they will receive 100% of your gift tax free.
A Donor Advised Fund (DAF) is a simple, flexible and tax-advantaged way you can make charitable donations, so you make the biggest impact. You can quickly and easily designate a grant from your DAF to Oblate School of Theology through your financial institution’s website (such as Fidelity or Schwab Charitable). You can also locate our organization by using our Tax ID 74-1357323.
A donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations that help people in need, like Oblate School of Theology.
When you contribute cash, securities or other assets to a donor-advised fund at a public charity, like Fidelity or Schwab Charitable, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth and you can recommend grants to an IRS-qualified public charity.
Donor-advised funds are very popular and are the fastest-growing charitable giving vehicle in the United States because they are one of the easiest and most tax-advantageous ways to give to charity.
We prayerfully ask for your consideration in leaving Oblate School of Theology as a beneficiary of your Donor Advised Fund.
Gifts of appreciated stock will help you avoid paying all capital gains in this gift – as long as you transfer the stock directly. Stock gifts can be designated toward a specific Oblate mission – or the donation can be used where it is most needed, maximizing the value of the gift. The value of a stock gift is based on the average selling price on the day the gift is received.
To ensure proper acknowledgment of your stock gift please do the following:
Did you know there is a simple, effective way to provide for the future of Oblate School of Theology? Simply name Oblate School of Theology as a beneficiary of one of your assets, such as the following:
It only takes three steps to make these types of gifts. Here is how to name the Oblate School of Theology as a beneficiary:
Return the completed form to your plan administrator, insurance company, bank or financial institution.
claudia.garcia@ost.edu
(210) 341-1366 Ext. 285
