Gifts That Cost You Nothing Now

Gifts in a will and gifts by beneficiary designation are two easy ways to make an impact on our community for generations to come — and they don’t cost anything now.

Gifts in a Will

A gift in your will is one of the easiest ways to create your legacy of generosity and set an example for others of serving God through the Catholic tradition of faith and caring. These gifts create sustained support that will make our many ministries stronger and better equipped to reach future generations and extend our Catholic faith for years to come.

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NO COST

Costs you nothing now to give in this way.

FLEXIBLE

You can alter your gift or change your mind at any time and for any reason.

LASTING IMPACT

Your gift will create your legacy of fostering faith and serving others.

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

General gift

Leaves a gift of a stated sum of money in your will or living trust to the Diocese of Salina. For example, you might decide to leave each of your grandchildren $10,000 and the diocese a specific amount. It’s considered to be ‘general’ because it doesn’t specify from where the money comes.

Residual gift

Leaves what is left over after all other debts, taxes, beneficiaries, and other expenses have been paid.

Specific gift
Leaves a specific dollar amount, percentage, fraction, or specific items (collections, art, books, jewelry, and so on).
Contingent gift
Leaves a stated amount or share only if a spouse, family member or other heir/beneficiary does not live longer than you. In other words, your gift is contingent upon whether or not they survive after you.

Gifts by Beneficiary Designation

It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in serving our communities and our faith through the Diocese of Salina — and it costs nothing now.

By naming the Diocese of Salina as a beneficiary of these assets, you sustain our shared mission of serving God and sharing His word. Your gift impacts the young and the old through the diocese and becomes your personal legacy to the world.

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Potential benefits of gifts by beneficiary designation:

Reduce or eliminate taxes on retirement assets

Reduce or avoid probate fees

No cost to you now to give

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Create your legacy with the Diocese of Salina

To name the Roman Catholic Diocese of Salina as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.

How to Change a Beneficiary Designation

Login to your account or request a Change of Beneficiary Form from your custodian (the business holding your money or assets).

Follow the links to change your beneficiary or fill out the form.

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Be sure to spell the name of our organization properly: Roman Catholic Diocese of Salina

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Include our tax identification number: 48-0637111

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Save or submit your information online or return your Change of Beneficiary Form.

Types of Gifts

A Gift of Retirement Funds (beneficiary of your retirement plan)

You can simply name the Diocese of Salina as a beneficiary of your retirement plan to help spread God’s Word and support charitable deeds.

A gift of funds remaining in your bank accounts, brokerage accounts or certificate of deposit (CD)

This is one of the easiest gifts to give and one of the most useful in accomplishing what you want – to spread the Word of God and serve others. The next time you visit your bank, you can name the Roman Catholic Diocese of Salina (Tax ID: 48-0637111) 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 furthering our shared mission for generations to come.

Donor-Advised Fund (DAF) residuals

What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name the Diocese of Salina as a “successor” of your account or a portion of your account value, you create your legacy of faith and love through service to our community.

Savings Bonds

If you have bonds that have stopped earning interest and you plan to redeem them, you might owe income tax on the appreciation. That could result in your heirs receiving only a fraction of the value of the bonds in which you invested. Since the Diocese of Salina is a tax-exempt institution, naming us as a beneficiary means that 100% of your gift will go toward advancing our faith and caring for others.

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Beth Shearer