716-828-9610

780 Ridge Road, Lackawanna, NY 14218

Contact Us Newsletter

  • Charitable Bequest

    You designate our organization as the beneficiary of your asset by will, trust or beneficiary designation form.

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  • Charitable Gift Annuity

    You transfer your cash or appreciated property to our organization in exchange for our promise to pay you fixed payments (with rates based on your age) for the rest of your life.

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  • IRA Charitable Rollover

    Congress has enacted a permanent IRA charitable rollover. As a result you can make an IRA rollover gift this year and in future years.

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  • VRS

    Throughout our history, bequests have played an integral role in shaping the future of OLV Charities. Our Victory Remembrance Society honors those individuals and families who have put our organization in their estate plans.

    Learn More

  • Leadership Society

    Msgr. Robert C. Wurtz, served as pastor of OLV National Shrine & Basilica and Administrator of OLV Organizations for more than 32 years. Like Father Baker, Msgr. Wurtz oversaw the care of tens of thousands of children, families, and pilgrims in need. Enroll in the Msgr. Robert C. Wurtz Leadership Society.

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You are at: Planned Giving > Create Your Plan > Planned Gifts Calculator > AT

Help Charitable Annuity Trust
One Life Two Lives
Click the appropriate button for a One-Life or Two-Life presentation. Selecting One Life will cause the Second Person and the associated name and age fields to be hidden from view for that run.
Enter the name of the person. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", "Sr.", etc. For the remainder unitrust the first person is the first income recipient or beneficiary of the agreement.
You may enter the age of the person instead of the birth date. However, if the birth date is known, click on the calendar icon and choose your birth date. Since ages are to be rounded up if the gift date is within 6 months of the next birth date, entering the birth date is the most accurate method.
10% 12% 22% 24% 32% 35% 37%
Select the current federal income tax rate of the donor. This will be used to project possible income tax savings. If you are not certain about the correct rate, you may choose one of the middle rates. For many people, this will be close to the actual income tax rate.
Enter the amount of cash or the fair market value (FMV) of the assest(s) used to fund the trust. For assets such as real estate, closely-held stock and other hard to value assets, the FMV would be the appraised value of the property on the date of the gift.
Enter the cost basis of the asset being used to fund the trust or annuity. If the asset is cash, the cost basis is equal to the gift amount. If it is appreciated property, the cost basis will most likely be the amount you originally paid for the property. The cost basis is used to determine the capital gains tax which will be bypassed as a result of selling the asset. If the cost basis is not known or cannot be proven, the IRS assumes the cost basis to be $0. If cash funds the gift annuity, enter the same value as "Value of Property."
%
Enter the current return return or yield of the asset(s) which will be used to fund the gift agreement. For example, if the trust will be funded with public-traded stock which is currently paying a dividend of 3%, the current return yield is, in turn, 3%. If the gift is funded with vacant land or a personal residence (assuming the property is not leased), the current return would be 0%.
%
Enter the percent income payout to the donor. You must select a trust percent payout of 5% or more.
Monthly Quarterly Semiannual Annual
Select either monthly, quarterly, semiannual, or annual income payments to the beneficiary(ies) of the income. The choice of payment frequency does affect the amount of the charitable deduction as the more frequent the payment (i.e. monthly as opposed to annually), the smaller the donor's tax deduction.
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victory remembrance society

Throughout our history, bequests have played an integral role in shaping the future of OLV Charities. Our Victory Remembrance Society honors those individuals and families who have put our organization in their estate plans.

Learn more