Financial support will help in two ways:
- It will assist us directly in the care of our retired and infirmed members.
- It will ensure that many of our active members can continue to serve the needs of God's people.
OPPORTUNITIES FOR FINANCIAL GIFTS
Memorial and Tribute Gifts
Memorial and tribute gifts offer an opportunity to honor a relative, a friend or business associate for any special occasion: birthday, anniversary, promotion or some particular accomplishment. The memorial gift also provides a thoughtful and appropriate way to express sympathy at the moment and remembrance in the future. Both memorial and tribute cards are available from the Development Office.
At the Time of Death
During a bereavement period, friends often seek an appropriate means to express sympathy. The following message in the obituary of the deceased provides an avenue to make a gift. "Memorial gifts may be made to the: Sisters of St. Joseph, 385 Watervliet-Shaker Rd., Latham, NY 12110."
St. Joseph's Day Annual Appeal
Annual giving is the custom of making a yearly gift to an institution in which one has faith. It is a friendly, happy custom, a perennial reunion in spirit, a pooling of hope and blessing by those who wish the institution well.
A pledge is a commitment to contribute a specific amount of money over a period of time. A pledge is a wonderful opportunity to make a larger commitment to the Sisters of St. Joseph than would be possible from current income.
Many planned gifts require the assistance of a legal or financial advisor. Most planned gifts are deferred gifts, promising future support of the Sisters of St. Joseph. When naming the Sisters as beneficiary of a bequest, insurance policy, retirement plan or trust, the donor should instruct the lawyer that our corporate title is: "The Society of the Sisters of St. Joseph, 385 Watervliet-Shaker Rd., Latham, NY 12110. "
A review of insurance needs might disclose that some policies are no longer as useful as they once were. The cash value of a policy that is no longer needed could be transferred to the Sisters of St. Joseph. It is also possible to name the Sisters of St. Joseph a beneficiary of a policy or to assign dividends to the province as current, tax-deductible gifts.
Charitable trusts are irrevocable gifts to the province that provide annual income to the donor. A portion of the gift provides an income tax deduction and any capital gains taxes on appreciated property are deferred or, in some cases avoided. Trusts can also benefit estate plans.
Since there are substantial tax penalties for having too much money left in a retirement plan, naming a non-profit organization could be beneficial. The Sisters of St. Joseph can be named a first, second or last beneficiary for part or all of a retirement.
Charitable Gift Annuity Program
Charitable gift annuities benefit both donor (with a guaranteed income) and recipient (with a philanthropic gift). The Sisters of St. Joseph are now able to offer this benefit to our friends and donors through the National Catholic Community Foundation.
If you are interested in making a charitable gift to the Sisters of St. Joseph and providing income in your future, please call Sister Carol at 518-783-3600.
You can also check out the National Catholic Community Foundation web site at www.nccfcommunity.org. There you can learn first-hand what a charitable gift annuity can mean to you and to the Sisters of St. Joseph of Carondelet, Albany Province.
A charitable bequest supports the work of the Sisters of St. Joseph after death. A charitable bequest may be included at the time of writing a will or it may be added later by a codicil. There are several ways to make a distribution through your will. You may give a percentage or name a specific amount. You may also leave whatever is left over (the residue) after other bequests have been honored. A bequest does not affect current income and may favorably impact the estate taxes owed. Our legal title is: The Society of the Sisters of St. Joseph, 385 Watervliet-Shaker Rd., Latham, NY 12110.
Gifts of Stock
Please request that shares of stock be delivered through our DTC number to USB Financial Services, Inc. Our legal name is the Society of the Sisters of St. Joseph, Latham, N.Y. You will need to tell them our account number. Please contact Sister Carol Rohloff, CSJ in the Development Office for the DTC and account numbers.
When USB Financial Services, Inc. notifies the Sisters of St. Joseph that stock has been transferred, a letter will be sent to the donor with the following information:
"XX shares of XX stock on XX date were received by the Sisters of St. Joseph. ON XX date the average was XX. Total value of the gift in $ XX. (Use average of figure times # of shares.)"
The day we receive stock in our account is the date used for the value of the stock.
PLEASE ENJOY VIEWING PICTURES FROM OUR ST. JOSEPH'S CIRCLE CLELBRATION 2015
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