"Do not forget that the future of humanity is in the hands of those…who are capable of providing the generations to come with reasons for life and optimism." -St. John Paul II
GIFT PLANNING MAKES A DIFFERENCE
For 130 years, All Hollows Academy, Mount Carmel Academy, Chaplain Kapaun Memorial and Kapaun Mt. Carmel Catholic High School, have touched the lives of thousands of students and their families. The dedication of many has created lasting partnerships with faculty, parents, and benefactors, providing Catholic education benefitting generations past and those to come.
As we confront current challenges and prepare to serve future generations, we know that the generosity of our benefactors will continue to make a difference. That is why we invite your consideration of a planned gift to support a Catholic education at Kapaun Mt. Carmel Catholic High School.
Planned Giving creates a legacy that will extend your generosity into the future, confident that the values and assets you developed during your lifetime are passed on according to your wishes. With little or no current financial impact on you, this caring act may result in the largest and most lasting gift you ever make to the school. The lives that are touched at Kapaun Mt. Carmel, and the potential they hold, can be your legacy.
Our benefactors and friends often express that they have invested so much in Kapaun Mt. Carmel that they feel a further commitment to "see it through" with a planned gift in order to be sure the school and its Catholic education mission continues. However, an estate gift may also become the first and only gift to the school, acting upon the emotional impact of the KMC connection over a lifetime.
Any investment in Kapaun Mt. Carmel becomes a long-term investment. Gifts flow directly to the young people served while they are students, and help form the faith-based, academic foundation that prepares our young women and men for a lifetime built upon their formative high school years, becoming scholars and alumni in the image of Jesus Christ.
CREATING A PERMANENT LEGACY PERPETUATING YOUR RELATIONSHIP THROUGH GIFT PLANNING
A properly planned estate or deferred gift to Kapaun Mt. Carmel Catholic High School offers potential tax and other financial benefits for your estate and heirs. It is important that you consider how charitable gifts might impact your overall estate plan, so it is wise to consult your attorney and other professional financial advisors.
“Estate” is the legal term that describes all of your possessions and property. Estate planning can and should be as important as retirement planning. Anyone, at any age, can benefit from an estate plan. Your estate plan puts you in control of how your assets are ultimately distributed. Estate planning is ongoing as one considers taxing implications and charitable directions for gift planning. You may provide an unrestricted gift or direct your gift to a specific area of school life.
When you have completed your estate plan, and provided for a gift to Kapaun Mt. Carmel, simply inform the KMC President in writing that KMC has been included in your estate plans.
Documentation of your planned gift is very important and much appreciated. For example:
- A copy of the pertinent provisions of your will or trust,
- A copy of the life insurance policy which names the school as a beneficiary, or
- A letter from your attorney stating that you have, indeed, included Kapaun Mt. Carmel Catholic High School in your estate gift planning
WAYS TO PROVIDE A PLANNED GIFT FOR KAPAUN MT. CARMEL
Bequests/Wills – The charitable bequest is the simplest of all planned gifts. It offers a straightforward opportunity to make a substantial contribution to further the work and mission at Kapaun Mt. Carmel without drawing on your resources. It involves adding a clause to your will or trust that states that you give a percentage or the remainder of your estate to Kapaun Mt. Carmel Catholic High School.
Beneficiary Designations – You may name Kapaun Mt. Carmel Catholic High School as a beneficiary of a Life Insurance Policy, a Retirement Fund, IRA, 401(k) or Keogh Account, a Savings Account, or a Certificate of Deposit.
Trusts and Annuities – These options provide a means of making a significant gift while retaining a life income. Along with federal tax benefits, there are corresponding restrictions. A financial planner, personal attorney, or tax consultant should be contacted to determine the best plan for you.
Appreciation and Benefits Include:
- The certainty that your estate gift will significantly impact the school and generations of Crusaders
- The satisfaction of sustaining a Catholic education
- Permanent recognition within the school
- Formal listing in KMC publications by name or anonymously as “KMC Friend”
- An invitation to Major Benefactor Events hosted by the President and Development Office
- Federal and state estate tax and income tax savings
- A legacy is established in your name
Kapaun Mt. Carmel Catholic High School has produced this information to assist you in the consideration of an estate or planned gift. KMC does not provide or purport to provide legal, tax or financial planning counsel. You are urged to consult and rely upon the opinion of qualified legal, tax and financial planning advisors before acting on any of the concepts described here.
Estate planning information provided to the school will be kept confidential to the extent the benefactor wishes, and enrollment may be anonymous.