Charitable Remainder Trust
A trust for a fixed term or the life of an individual in which the income is paid to a non-charitable beneficiary during the term and the remainder of principal passes to the Foundation upon termination.
The Foundation can receive a non-designated general cash or other donation which would be deposited into the Foundation’s General Endowment Fund. The interest generated from this fund will be used for religious and charitable purposes as requested by the Bishop and as approved by the Board of Directors.
An endowment is a permanent fund given by a donor to support a specific program in perpetuity. It serves as an investment, with a portion of the earnings made available on an annual basis for the specified program [ie., parishes, catholic schools, cemeteries, seminarians, scholarships, general fund, etc.] There are many options for creating an endowment fund: will/bequests, cash, appreciated securities, life insurance, or real estate.
A will is a legal document that expresses your intent regarding the distribution of your estate upon your death. By remembering the Foundation in your Will, you are helping the Church to pass on the Good News of Jesus onto others. We recommend you contact an attorney to have this important document properly prepared. Here is one form of bequest:
“I give and bequeath to the Diocese of Las Cruces Foundation Inc., a charitable and religious organization headquartered at The Pastoral Center, 1280 Med Park Drive, Las Cruces, New Mexico 88005-3239, the sum of $ _____ [or _____% of my assets] to be used at the discretion of the educational and charitable works for the Diocese of Las Cruces.”
For more information regarding charitable giving or estate planning, please contact the Foundation Office.