Currently scientific research indicates that over the next 55 years, there will be an intergenerational transfer of wealth in the United States totaling anywhere from $41and $136 trillion dollars.
This is the first time a transfer of this magnitude has occurred in American history, and it may very well be the last.
The tax laws of the United States, after the Economic Growth and Tax Relief Reconciliation Act of 2001, “make it possible” for individuals to use a variety of planned giving techniques to make charitable contributions, thereby avoiding taxes and permitting the transfer of dollars outside one’s estate.
Research has shown that the parishes and programs of the Diocese can be significant beneficiaries of this transfer.
If you would like to conduct a Will/Planned Giving seminar in your parish, school or organization, the Office of Development at the Diocese can help you.
We will:
- Meet with your finance or parish council to introduce the concept and to answer questions.
- Draft invitations and parish bulletin announcements.
- Help structure your presentation to fit your parish.
- Recruit speakers and provide materials.
- Monitor the impact of the program, do follow-ups, and advise you of the outcomes.