Planned Giving - The Lake Catholic Legacy Society

Some of the most transformational gifts received by institutions are planned gifts. In essence, a “planned gift” is one given from assets rather than income. Gifts of this nature are deferred or unrealized until a future time designated by the donor; therefore, they cost you, the donor, nothing at the time of commitment.  These gifts can be made now without impacting cash flow, lifestyle, or financial security.

The most popular planned gifts include:

  • Gifts from a Retirement Plan, IRA, or other qualified plan

    • Simply designate Lake Catholic High School (TIN: 34-1054185) as a beneficiary.

  • Gifts from a Life Insurance Policy

    • Transfer ownership of a paid-up policy to Lake Catholic High School.

  • Gifts from a Will or Trust

    • Include a bequest to Lake Catholic High School in your will or trust. It may be a specific amount or a percentage of the remaining balance.

  • Gifts of Stock and Appreciated Assets

    • Transfer appreciated stocks, bonds, or mutual fund shares to Lake Catholic High School.

    • Simply contact our advisor Bob Bell at Wells Fargo Advisors at (216) 378-2746 to arrange your transfer to Lake Catholic.

Additionally, making a commitment to a planned gift to Lake Catholic immediately grants you a lifetime membership in the Lake Catholic Legacy Society. As a member, your name will be forever listed in the annually published Advancement Review, Lake Catholic website, and anywhere the Lake Catholic Legacy Society is acknowledged - even after your gift is realized!

If you would like to discuss your planned giving options further, please contact The Advancement Office at Lake Catholic at (440) 578-1020.

If you have already arranged a planned gift to Lake Catholic, please fill out this LEGACY GIFT COMMITMENT FORM and return to Lake Catholic High School by mail (Attn: Mike Bernot ’01) or email mvbernot@lakecatholic.org.

DISCLAIMER
The material presented on this Planned Giving website is not offered as legal or tax advice.  Neither the author, the publisher, nor Lake Catholic High School is engaged in legal or tax advisory service. For advice or assistance in specific cases or whether to make certain a contemplated gift fits well into your overall circumstances and planning, the services of an attorney or other professional advisor should be obtained.

The purpose of this website is to provide general gift, estate, and financial planning information. Watch for tax revisions. State laws govern wills, trusts, and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts.We do not collect or store any sensitive information through this website. When you send us an e-mail, just remember that like any other e-mail it is not secure, and therefore you should refrain from sending sensitive data such as social security numbers, credit card numbers, bank routing numbers, and the like.  Contact us for help connecting with a qualified adviser.