Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), life insurance, bank accounts, stocks and bonds, pension, or other tax-deferred plan, is an excellent way to make a gift to Holy Angels Church.

If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.

• Simplify your planning.

• Support the causes that you care about.

• Continue to use your account as long as you need to.

• Heirs can instead receive tax-advantaged assets from the estate.

• Receive potential estate tax savings from an estate tax deduction.

To leave your retirement assets to Holy Angels Church, you will need to complete a beneficiary designation form provided by your retirement plan administrator, life insurance company, bank, or investment broker. If you designate Holy Angels Church as beneficiary, we will benefit from the full value of your gift because your retirement assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift. When naming Holy Angels Church as a beneficiary, please note that the formal name of the parish is Holy Angels Catholic Church, Avenue, Inc.

Did you know that 40%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Holy Angels Church. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.