Perpetual Care Trust Fund
The Importance of a Perpetual Care Fund!
For our friends and relatives who now lie there in eternal rest, St. Michael Cemetery is indeed a sacred place. For the living faithful it is a trust to be honored and dignified by the responsibility for its maintenance and beauty-in perpetuity. That responsibility is now and forever.
To assure the perpetuity of this important care program, an endowment fund was developed and approved by the cemetery board of directors and was given the blessing of Bishop Paul Dudley. All funds designated for this Perpetual Care Fund are invested with the Catholic Diocese of Sioux Falls Foundation.
The maintenance and beautification of St. Michael Cemetery is a responsibility of all of us. You can make a difference with your participation in the Perpetual Care Fund. Please consider the ways you can help!
CURRENT TYPE GIVING
- CASH
- STOCK – Preferably Appreciated Stock – Avoid paying Capital Gains Tax; obtain a deduction equal to the fair market value of the asset.
- REAL ESTATE – Avoid paying Capital Gains Tax; obtain a deduction equal to the fair market value of the asset.
- OTHER ASSETS
DEFERRED TYPE GIVING
- Leave a specific bequest in Dollars or a remainder interest via your Will or a Trust Document.
- Donate a Life Insurance Contract by changing the ownership and beneficiary to the Cemetery Perpetual Care Fund. Receive an immediate tax deduction in the amount of the cash surrender value.
- Create a Charitable Remainder Annuity Trust, the assets you leave in the trust will generate income from which you will draw a fixed amount annually for life and the remainder will become a Permanent Charitable Fund for the cemetery association.
- Create a Charitable Remainder Unitrust, which works the same way as an Annuity Trust except the income you receive annually is a percent of the funds assets based on the fund annual fair market value.
- Set up what is called a Charitable Lead Trust -You donate part of your estate to the trust now with the income going to the charity for a designated period of years. The remainder would then go to a non-charitable purpose, i.e. grandchildren.
PLEASE CONTACT YOUR TAX COUNSELER FOR ADVICE