Diocese Of Reno

Catholic Foundation of the Diocese of Reno

The Catholic Community Foundation of the Diocese of Reno (CCFDR) was established in 1999 to accept permanent endowment contribution supporting the various Catholic institutions located within the Diocese of Reno. Additionally, contributions can be accepted for other Catholic charitable causes such as tuition assistance at Catholic elementary and secondary schools within the diocese.

The CCFDR maintains the principle of original donations and distributes the income annually for the specific purpose the donor designates. The Foundation strives to distribute 5% of the market value of a fund provided such distribution doe not invade the originally donated principle.

A mission of the Catholic Foundation of the Diocese of Reno is to encourage stewardship. One way to practice stewardship is through gift planning techniques that can take place now or at the time of a donor’s death.

Below are a number of ways to make a gift to the Church through estate planning. Your particular circumstance will dictate which of these methods of giving may be right for you. We encourage you to contact the staff at the Catholic Foundation of the Diocese of Reno at (775) 326-9420, with questions or assistance regarding these types of gifts to one of our funds.

Type of Gift	Form of Gift	Benefit to Church	Benefit to You
Outright Gift	Cash Stocks/securities Real estate Insurance	Perpetual income; Interest income used by parishes, schools, and organizations in the Diocese	Income tax deduction; No capital gains tax on appreciated gifts
Bequest	Cash Real Estate Personal Property Percentage of estate Remainder of estate	Bequest will be held in perpetuity and invested to fund Church needs as designated by the donor	Possible estate tax deduction; Opportunity to make a perpetual gift
Charitable Gift Annuity	Cash Stocks Real estate	Upon the death of the donor or last surviving annuitant, remaining assets generate income for the Church	Guaranteed fixed income for life; Portion of income is tax-free; Income tax deduction; Reduction of estate tax
Insurance Policy	Name the CCFDR policy owner and/or beneficiary	CCFDR receives full face value of policy upon death of the donor, or may receive current surrender value prior to the donor’s death	Opportunity to make substantial future gift to Church at current manageable cost; Income tax deduction for value of the policy when transferred; Premium payments may be deducted as gifts
Charitable Remainder Trusts	Cash Stocks/securities Real estate	CCFDR receives substantial future gift to support the works of the Church and the charities named by the donor	Variable or fixed income; Option to defer income; Income tax deduction; Reduction of estate taxes; No capital gains tax on appreciated gift (or deferral, in some instances)
Charitable Lead Trusts	Cash Stocks/securities Real estate	Income for duration of trust helps Church meet spiritual and human needs that exceed the capabilities of most parishes, schools and organizations	At the end of the trust period, the principal returns to donor or heirs; Principal can pass to others with little or no shrinkage; Tax deduction
Retirement Plan/IRA	Name CCFDR as beneficiary of death benefit	Significant gift upon death of donor	Opportunity to make a major gift; Estate income tax savings