Other Planned Gift Arrangements

Gifts of Real Estate Subject to Life Estate

        Your personal residence or farm may be the single most valuable asset
you own.  If it has appreciated significantly in value, you could owe
tremendous capital gains taxes if you or your heirs sold the property.  An
alternative is to give the property to the Church subject to life estate,
which simply means that you or your designees retain the use of the
property for life.

        You gain an immediate tax deduction for the remainder interest in the
property, and you escape the potential capital gains taxes.  Best of all, you
get to make a substantial gift for a Parish or the Archdiocese without
disrupting your lifestyle.

        Gifts of this kind require detailed language tailored to your specific
situation and needs, and the advantages and benefits vary accordingly.  The
Church's development staff will be happy to work with you and your advisers
to help you arrange the best plan for you.

Advantages:
* Opportunity to make a substantial gift to the Church while retaining
    lifetime use
* Opportunity to make a substantial gift to the Church while retaining lifetime
    use Immediate tax deduction
* Avoid capital gains taxes
* Estate and tax and probate savings
* Can provide a favorable income tax position