Gifts through Wills and Trusts

GIFTS THROUGH WILLS AND TRUSTS

 

A gift through a will or trust, known as a bequest, to Catholic Relief Services through your will or trust provides for the future work of CRS as a testament to your faith.  In most cases, you are free to remove or change this bequest during your life.  Your entire bequest to CRS is free of income, capital gains, and estate taxes.

 

WHAT IS THE DIFFERENCE BETWEEN A WILL AND TRUST?

A Last Will and Testament allows you to outline your intentions for the distribution of your assets.  Wills go through the court process of estate probate according to the regulations of the state in which you reside and become public record. 

Trusts also allow you to outline the distribution of assets.  Trusts are not required to go through the court probate process in most states, may include various tax advantages, and may allow beneficiaries to access your gift sooner.  There are different types of trusts varying in complexity depending on the assets and desires of the donor.  Please see our Charitable Trusts Information for more details.

 

HOW DO I INCLUDE CRS IN MY WILL OR TRUST?

You can designate CRS to receive a specific amount or a percentage of the value of the estate or trust.  Here is some sample wording:

“I give to Catholic Relief Services – USCCB, located in Baltimore, Maryland, with Federal Tax Identification Number of 13-5563422, the amount of $_____ to be used for its general purposes.”

“I give to Catholic Relief Services – USCCB, located in Baltimore, Maryland, with Federal Tax Identification Number of 13-5563422, _____ % of the residuary to be used for its general purposes.” 

 

WHAT IF I ALREADY HAVE A WILL?

It is possible to update your existing Will with a Codicil or Addendum.  If you are making numerous changes, it may be best to draft a new Will upon consultation with your attorney.

We recommend consulting an attorney for your state’s legal requirements for drafting Wills and Trusts.

 

When drafting legal documentation of your intentions, you will need CRS’ legal name, address, and Tax ID Number: 

CRS’s federal Tax Identification number is 13-5563422

Catholic Relief Services – United States Conference of Catholic Bishops

228 West Lexington Street

Baltimore, Maryland 21201-3443

 

Questions? Concerns? We're here to help:

Planned Giving Team
[email protected]
800-235-2772 at prompt, select option for Planned Giving