If you’ve worked hard, saved, and planned responsibly, you will certainly want to be thoughtful about how your estate—your lifetime accumulation of wealth—is distributed after you are gone. Naturally, your family and especially your children will be your highest priority. Perhaps you will also choose to provide a contribution in your will or estate plan—a charitable bequest—for causes and organizations, like Christian Brothers of the Midwest, which have played an important in role in your life.
But how do you choose between your children and your charitable causes? You may decide, at some point, that enough is enough for your children and use the rest of your estate as a charitable bequest to make a difference in the lives of others. Or maybe you choose to divide your estate into shares, reserving some for your children and the rest for charitable organizations.
We would like to offer two alternatives for your consideration.
You might direct your charitable bequest to an endowment fund at Christian Brothers of the Midwest and name your fund as a lasting memorial in honor of you or your children. The Christian Brothers will invest your endowment fund and distribute a certain amount each year for purposes you choose. A named endowment fund provides a lasting reminder of your life values.
Or you could consider including in your estate plans a life income gift for your children. A life income gift can provide income, either fixed or variable, to your children for their lifetimes or several years and then Christian Brothers of the Midwest uses what is left for the purposes you choose. You’ve provided income for your children but used your principle to support the Christian Brothers of the Midwest for generations to come.
Gifts to the Christian Brothers of the Midwest secure our ability to join families in raising young men and women with solid values, brings them into union with Jesus, and develops a desire to give back to the communities in which they live and grow.
We would be happy to work with you and your advisors to explore creative ways you can plan for your children and the Christian Brothers of the Midwest.
