• A residual bequest specifies a percentage of the remainder of your estate will go to the NBCC after other legacies have been fulfilled.
• A specific bequest names the NBCC as recipient of a specific dollar amount, specific fraction of your estate, or a specific gift-in-kind, such as a collection of art, books, jewelry, etc.
• A contingent bequest names the NBCC as the contingent beneficiary in the event of the passing of the originally intended beneficiary.

These gifts are easy to make. Simply contact the firm that holds your assets and complete a beneficiary form.
• Retirement fund gift by naming the NBCC as a direct beneficiary removes a highly taxable asset from your estate.
• Life insurance policy gift, either by donating ownership of the policy and receiving an income tax deduction for the fair market value, or retain the policy and name the NBCC as a beneficiary to provide a tax deduction to your estate.

• If you have bonds that no longer earn interest, naming the NBCC as a beneficiary ensures that 100% of the bond value is used. If you redeem the bonds, you will pay tax on the appreciation and your heirs will only receive a fraction of the value.
• Naming the NBCC as the beneficiary of a certificate of deposit, a checking or savings bank account, or brokerage account is an easy way to create a legacy that will positively impact the Black Catholic community in the United States for years to come.

• If you have bonds that no longer earn interest, naming the NBCC as a beneficiary ensures that 100% of the bond value is used. If you redeem the bonds, you will pay tax on the appreciation and your heirs will only receive a fraction of the value.
• Naming the NBCC as the beneficiary of a certificate of deposit, a checking or savings bank account, or brokerage account is an easy way to create a legacy that will positively impact the Black Catholic community in the United States for years to come.

James and Renee treasure the financial help they’ve been able to give their children over the years, but wanted to include a planned gift for the National Black Catholic Congress. When the couple recently updated their will to leave stocks and real estate to their kids, they also left the NBCC a $75,000 IRA to be transferred following their lifetime. Because the NBCC is tax-exempt, all $75,000 will help support our mission.

If James and Renee had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their family’s use. James and Renee are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.