A Powerful Way to Leave a Legacy
Did you know there are creative ways to support Warhawk Catholic? Ways that Warhawk Catholic, you and your loved ones all benefit at the same time? Giving through your estate plan or retirement plan is a way to support our ministry with a significant gift that you might not be able to make with your income alone. Your gift becomes a legacy of support that builds our long-term financial strength. You can help transform lives by bringing faith, hope and love to God’s people for generations to come. Financial advisors call these creative techniques “planned gifts,” because with thoughtful planning, you create win-win solutions for you and for Warhawk Catholic. Below are some options for you to consider. If you click on one of the topics it will open a new page with more information.
Creating your estate plan is vitally important to providing for your family’s future financial security and benefiting your favored charity or charities with a legacy gift. Consulting with the appropriate professionals is necessary to ensure that your assets are directed in the manner you intend. Discussing your charitable intentions with us will help ensure that your gift is directed as you intend. We can give you valuable information about Warhawk Catholic and about many of the creative giving techniques mentioned in these planned giving pages. Please call Claudia Broman at (262) 473-5555 for more information. Also, If you have included us in your estate plans, please let us know. We would like to say thank you!
Gifts of Retirement Plan Assets
Gifts of Life Insurance
Gifts of Securities
Donor Advised Funds
Another way to give is to create a donor advised fund at a nonprofit organization such as the Catholic Community Foundation or the Greater Milwaukee Foundation or an investment firm with charitable funds such as Fidelity Charitable Gift Fund or Vanguard Charitable.
A donor advised fund is a separate fund that is administered by a foundation or investment agent. After you contribute assets to a donor advised fund, the administrator of your fund gives you or other family members the right to recommend gifts be made from your fund to qualified charities. You can determine the frequency of charitable gifts, how much you would like to donate, and name the charities that will benefit from your gifts. Check to make sure that the investment agency or foundation administering your fund has granting policies and objectives that align with your charitable intent and that the charities you want to support are qualified charities like us.
If you already have a donor advised fund, you can make a gift to "Archdiocese of Milwaukee for the sole and exclusive benefit of UW-Whitewater Campus Ministry" using assets already designated for charity. You may have the option to leave the charitable fund assets to a qualified charity when your fund terminates or you are no longer making gifts from the fund. Please consider adding "Archdiocese of Milwaukee for the sole and exclusive benefit of UW-Whitewater Campus Ministry" as an account beneficiary in this case. If you are considering creating a donor advised fund that will benefit us at Warhawk Catholic, please let us know. Discussing your charitable intentions with us will ensure that your gift accomplishes your intended goals.
Retained Life Estate Gifts
Did you know you could donate your house to charity, take an income tax deduction, and continue to live in it rent-free? A life estate gift is an arrangement in which a donor gives his or her home to a charity while retaining the right to live in the home for the remainder of his or her life. The property must be mortgage and obligation free in order to use such property for a life estate gift. If the donor is itemizing deductions, the donor receives an immediate income tax deduction equal to the present value of the remainder that will pass to the charity. The charity may sell the property upon the donor’s death.
How It Works
The planned giving materials on our website are not presented as legal or tax advice. Warhawk Catholic provides support for a full range of charitable gift planning options and services. Warhawk Catholic, its employees or representatives, do not offer legal or financial advice. We strongly urge prospective donors to consult with their estate planning attorney, financial advisor, accountant or other appropriate professional before making any material decisions based on information we provide through this Web site, printed materials, or other sources. The purpose of this website is to provide general gift, estate, and financial planning information. Watch for tax law revisions. State laws govern wills, trusts, and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts.