Deferred/Planned Giving
Life Insurance Policy
A planned gift to the Diocese of Raleigh may be made through a gift of life insurance. For the gift to be tax deductible, the Diocese of Raleigh must be the owner and beneficiary. Policies may be new, have premiums remaining to be paid, or be a fully paid policy that you have owned for years. If premiums remain to be paid on a policy for which the Diocese is the owner and beneficiary, donor payments of premiums will be a deductible contribution.
The Diocese could also be named as the beneficiary of a policy that it does not own. This provision will not provide any current tax advantages, but the money passing to the Diocese at the insured's death will qualify for the federal estate tax charitable deduction.
Benefits:
- Tax deduction for premiums paid by donor.
- Avoid estate taxes and probate costs.
To learn more about ways to give to the Diocese of Raleigh, its parishes, schools, ministries and Catholic Charities please contact the Office of Stewardship and Advancement at (919) 821-9721, or by email to tim.breslin@raldioc.org.