Thank you for considering USML’s Mundelein Seminary as part of your enduring legacy of faith.
What is Planned Giving?
A planned, or legacy gift, is a donation designated to an organization (USML/Mundelein Seminary) to be made at a future date, often at the time of death. When the estate settles, the designated organization will receive the gift. Gifts can be cash, property, insurance policy, or other assets such as stock.
The Importance of Planning
Many spend a lifetime earning and saving money for the future. Yet, approximately 50% of all Americans plan for the remainder of their estate when they are gone. Many believe they have no assets. Others say their spouse or children will inherit it. Still others rely on their initial will drafted when they were younger. The time is now for your legacy to be secured.
Consulting with an attorney, tax advisor, and/or financial advisor is recommended.
Watch Fr. Andrew Wawrzyn talk about why he included USML/Mundelein Seminary in his will.
Why Consider Making a Planned Gift through Your Estate Plans?
Planned gifts can help you make wise use of both legal and tax strategies. By taking into account all your assets, adviser(s) can assist you in determining the most advantageous way to leave your legacy to Mundelein Seminary/USML while taking care of the security of your family and heirs.
Watch Daniel and Rosalind Alvarez Talk About Their Legacy with USML/Mundelein Seminary.
Ways to Create a Legacy at USML/Mundelein Seminary
- Bequest or Trust: wait to make your largest gift after your/spouse’s lifetime
- Insurance Policy: make the Mundelein Seminary/USML the beneficiary
- Charitable Gift Annuity: set up through the National Catholic Community Foundation; min. $10,000 irrevocable gift; provides you fixed annual income for life
- Charitable Remainder Trust: set up through your financial advisor
- Real Estate or other Tangible Items: Consult with Mundelein Seminary and our gift acceptance policy before making plans for these types of gifts.
Did You Know?
- The largest charitable gifts are made in estate plans
- Planned gifts can be made in any amount, in fact, most planned gifts are between $35,000 – $50,000
- 50% of Americans pass away without a will