Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), life insurance, bank accounts, stocks and bonds, pension, or other tax-deferred plan, is an excellent way to make a gift to Sacred Heart Church.

If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.

• Simplify your planning.

• Support the causes that you care about.

• Continue to use your account as long as you need to.

• Heirs can instead receive tax-advantaged assets from the estate.

• Receive potential estate tax savings from an estate tax deduction.

Did you know that 40%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Sacred Heart Church. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.