Franciscan Outreach relies on the support from generous individuals and groups to help us provide for the critical needs of our neighbors who are struggling with homelessness. We hope you will consider a long-term gift that would provide Franciscan Outreach with a stable, continuous annual source of funding to fulfill our mission.
One of the many ways to express a commitment to our long-term sustainability is by naming Franciscan Outreach in your will or trust. This is a way to make a lasting contribution without affecting your current financial security and freedom. Planned gifts offer you the flexibility to balance your personal financial goals with your interest in supporting Franciscan Outreach.
Bequests and living trusts are often the simplest and most convenient type of planned gifts to establish. You may choose to give a percentage of your estate, or all or part of the residue that is left over after all other bequests are made.
A few types of bequests to consider include:
Unrestricted Bequests: Allows Franciscan Outreach to direct your gift where it is needed the most.
You can include wording in your will or trust such as: “I give and devise to Franciscan Outreach (Tax ID #36-2928835), located in Chicago, IL, the amount of $XX [or XX% of the residue of my estate], to be used for general operating support.”
- Restricted Bequests: Permits Franciscan Outreach to use your gift in the manner you designate, such as a specific area of interest.
- Specific Bequest: Gives a specific asset to Franciscan Outreach, such as cash or securities.
- Residuary Bequest: Gives all or a percentage of what remains in your estate to Franciscan Outreach after all other specific bequests have been satisfied and all debts and expenses have been paid.
- Contingent Bequest: Gives all or a portion of your estate to Franciscan Outreach when a named individual beneficiary dies before you. For example, “I give $10,000 to my cousin Mary, but if she does not survive me, the bequest should be given to Franciscan Outreach.”
Other vehicles that can be used are retirement plans, life insurance, charitable remainder trusts, charitable lead trusts and gift annuities. There are financial benefits to the donor associated with each of these philanthropic instruments. In all charitable estate planning matters, Franciscan Outreach encourages you to seek professional advice from your trusted advisors.
Tax ID: #36-2928835
Address: 717B W. 18th Street, Chicago, IL 60616
For more information about estate planning, please contact your financial or legal advisors.