Saint Perpetua Catholic Church
Charitable Trusts
Gifts of stock, bonds, mortgage-free real estate and cash can be used to create a charitable trust. There are two main types of charitable trusts. Charitable Lead Trusts provide the income from the trust to St. Perpetua with the remainder at your death going to your heirs. Charitable Remainder Trusts pays you (and/or your designated beneficiary) an income for life or a specified period of time with the remainder going to support St. Perpetua. You may realize immediate tax benefits when you create a charitable trust.
You will need to retain your own attorney skilled in estate planning and perhaps one specializing in charitable trusts if you think this may be for you.
Your attorney will need to know how to designate the beneficiary. To name St. Perpetua Church as the beneficiary, the following language should be used:
Roman Catholic Bishop of Oakland, a corporation sole for further credit to (St. Perpetua Church) for its (general purposes).
You may similarly designate the funds to go the the St. Perpetua School and can designate a specific purpose if you desire. However, if you wish to designate something other than general purposes, it is best to check with the church office to make sure the wording in the bequest will direct your donation according to your wishes.