Non-Tax Credit Division

Gifts That Cost You Nothing Now

Gifts in a will or by beneficiary designation are two easy ways to provide Catholic education scholarships — and they don’t cost anything now.

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You can learn more about these special opportunities in our free brochure, Help Make Catholic Education Accessible For Underserved Families, and other complimentary planning resources. These resources are just a click away!

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Gifts in a Will

Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for Catholic Education Arizona. Once you have provided for your loved ones, we hope you will consider making affordable and accessible Catholic education part of your life story through a legacy gift.

A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:

  • Lasting Impact: Your gift will create your legacy of Catholic education.
  • Flexible: You can alter your gift or change your mind at any time and for any reason.
  • No Cost: It costs you nothing now to give in this way.

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Four simple, “no-cost-now” ways to give in your will

General gift
A general bequest is a gift of a specific amount.
Residuary gift
A residuary gift is a gift of all or a percentage of the remainder of your estate after specific bequests and expenses have been paid.
Specific gift
A specific gift is a gift of a particular piece of property. For example, real estate, funds in a bank account or shares of a corporation.
Contingent gift
A contingent gift takes effect only if the primary beneficiary or beneficiaries do not live longer than you. In other words, your gift is contingent upon whether or not they survive after you.

You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to Catholic Education Arizona contingent upon the survival of your spouse.

Gifts by Beneficiary Designation

It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in service of families in the Diocese of Phoenix — and it costs you nothing now. By naming Catholic Education Arizona as a beneficiary of these assets, you can establish your personal legacy of funding scholarships, strengthening families and deepening faith through Catholic education.

Potential benefits of gifts by beneficiary designation:

  • Reduce or eliminate taxes
  • Reduce or avoid probate fees
  • No cost to you now to give
  • Create your legacy with Catholic Education Arizona

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Types of Gifts

Retirement plan assets
You can simply name Catholic Education Arizona as a beneficiary of your retirement plan to help underserved families.
Life insurance policies

You can name Catholic Education Arizona as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Catholic Education Arizona will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.

Bank or brokerage accounts
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name Catholic Education Arizona (Tax ID: 86-0937587) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward funding unmet scholarship needs for generations to come.
Funds remaining in your donor-advised fund
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name Catholic Education Arizona as a “successor” of your account or a portion of your account value, you enable families to send their children to Catholic schools when they could not do so otherwise.

How to update a beneficiary designation:

Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.

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Please use our legal name: Catholic Education Arizona

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Include our tax identification number: 86-0937587

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Please let us know so we can ensure that your wishes are carried out.

Share Your Legacy

If you have already included a gift in your estate plans to benefit the future of Catholic Education Arizona, be sure to let us know so that we may best honor your wishes.

Let Us Know

Our Team is Here to Help

Our experienced team is here to help you…

  • Learn about special projects that align with your interests.
  • Structure a donation that maximizes benefits for you and your loved ones.
  • Stay up to date on how your gift is used.
  • And more!
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