Planned Giving 

Tax Code Changes Affect QCDs

The Secure Act 2.0 signed into law in late December made a few changes for those donors ages 70-1/2 who like to support our parishes, schools and the Diocese of Fort Worth through Qualified Charitable Distributions from their retirement plans. Effective with the 2023 tax year, an individual may donate up to $100,000 during the year from an IRA, and that amount will be indexed for inflation, meaning it is likely to increase each year thereafter. Additionally, the new law allows a one-time election of up to $50,000 to fund either a Charitable Remainder Unitrust (CRUT), Charitable Remainder Annuity Trust (CRAT) or a Charitable Gift Annuity (CGA). No changes were made to the age of donor who may make QCDs and QCDs continue to be eligible for donation to donor-advised fund sponsors, private foundations or supporting organizations. If you have questions about how QCDs can benefit your parish offertory or capital campaign, please visit advancementfoundation.planmygift.org/ira-charitable-rollover or contact Renée Underwood, CFRE, at 817-533-7242.

A Gift in Your Will or Living Trust Interested in supporting our parish, a Catholic school or the Diocese of Fort Worth in our mission but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple, flexible and versatile way to ensure we can continue our work for years to come is a gift in your will or living trust, known as a charitable bequest. By including a bequest to the Catholic Diocese of Fort Worth Advancement Foundation in your will or living trust, you are ensuring that we can continue our mission for years to come. Please visit https://bit.ly/CatholicLegacy for more information, including bequest and beneficiary designation language. Or, contact Renée Underwood, CFRE at the Advancement Foundation runderwood@adv-fdn.org or 817-533- 7242. Leave a

Legacy to Our Parish When you designate our parish, a Catholic school or the Diocese of Fort Worth in your will, or as a beneficiary of a life insurance policy, retirement plan or bank account, you are leaving a legacy that will impact generations of Catholics long into the future. Please visit https://bit.ly/CatholicLegacy for more information, including bequest and beneficiary designation language. Or, contact Renée Underwood, CFRE at the Advancement Foundation runderwood@adv-fdn.org or 817-533-7242.

Donate Stocks or Other Appreciated Assets to Support Our Parish Make a bigger impact by donating long-term appreciated securities, including stock, bonds, mutual funds, real estate or mineral interests, directly to the Advancement Foundation for the benefit of our parish, a Catholic school, the Annual Diocesan Appeal or other ministry. By donating directly to us, you allow the Church to receive the full pretax value of those appreciated assets and you avoid capital gains taxes. Please visit https://www.advancementfoundation.org/ways-to-give for more information, including a form for Electronic Transfer of Stock. Or, contact Renée Underwood, CFRE at the Advancement Foundation runderwood@adv-fdn.org or 817-533-7242.

Support Our Parish (School) Endowment ICC Parish (School) is fortunate to hold several endowments with the Advancement Foundation that provide a perpetual stream of income. To make a tax-deductible contribution to our endowment fund, please visit https://bit.ly/DonateEndowment. Your contribution may be designated in honor of or in memory of a loved one. If you are interested in establishing a new named endowment to benefit our parish, school or another ministry, please visit https://bit.ly/CatholicLegacy or contact Renée Underwood, CFRE at the Advancement Foundation runderwood@adv-fdn.org, 817-533-7242.

Support Our Parish through a Charitable Qualified Distribution (QCD) If you are age 70½ or older, you can donate up to $100,000 from your IRA directly to the Catholic Diocese of Fort Worth Advancement Foundation – to support our parish, a Catholic school, the Annual Diocesan Appeal or another ministry of the Diocese of Fort Worth – without having to pay income taxes on the money. Have your broker make your check payable directly to the Advancement Foundation and include a note about how it should be credited. Please mail the check to 201 Main, Ste. 1198, Fort Worth, TX 76102-3105. For more information about Building Your Legacy, Please visit https://bit.ly/CatholicLegacy or contact Renée Underwood, CFRE at the Advancement Foundation runderwood@adv-fdn.org, 817-533-7242.

Gifts of Mineral Interests A gift of mineral rights, whether an entire or undivided fractional interest, can significantly impact a parish, school, ministry or the Diocese of Fort Worth and provide tax benefits for you. These interests may be given outright during your lifetime or through your estate. The Advancement Foundation is fully staffed to manage oil and gas assets in-house to help you achieve your charitable goals. To get started please contact Renée Underwood, CFRE at 817-533-7242 or email us at plannedgiving@adv-fdn.org.

Gifts That Pay You Income There’s a way for you to support our parish, a Catholic school, the Diocese of Fort Worth, Catholic Charities or another ministry and feel confident that you have dependable income in your retirement years. A charitable gift annuity can provide you with regular payments and allow us to carry out the mission of Jesus Christ. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize. To learn more about Charitable Gift Annuities, please visit https://bit.ly/CatholicLegacy or contact Renée Underwood, CFRE at the Advancement Foundation runderwood@adv-fdn.org, 817-533-7242.

Have You Made Provisions for Our Parish (School) In Your Estate? If you have included our parish (school) in your estate plans, will you please do us the favor of letting us know? We want to include you in the Legacy Society. Established in 2005, the purpose of the Legacy Society is to acknowledge and honor those individuals who make a permanent gift to benefit the Diocese of Fort Worth through a planned gift or who create an endowment fund. Specific parishes, schools, agencies or ministries may be designated beneficiaries. To let us know of your intent or to download your free personal estate planning kit, please visit https://bit.ly/LegacyIntent or contact Renée Underwood, CFRE at the Advancement Foundation, 817-533-7242, runderwood@adv-fdn.org.