The CCHS Foundation Legacy Society
Planned Giving
Beneficiary Designations
Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:
- IRAs and retirement plans
- Life insurance policies
- Commercial annuities
It only takes three simple steps to make this type of gift. Here's how to name Central Catholic High School Foundation as a beneficiary:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.
An Example of How It Works
Robert and Carol treasure the financial help they've been able to give their children and Central Catholic High School Foundation over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left Central Catholic High School Foundation a $75,000 IRA to be transferred following their lifetime. Because Central Catholic High School Foundation is tax-exempt, all $75,000 will help support our mission.
If Robert and Carol 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. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on an assumption of a 24% marginal income tax bracket.
Next Steps
- Contact Jim Pecchenino, '72 at (209) 968-1120 or pecchenino@cchsca.org for additional information on beneficiary designations and how they can help support Central Catholic High School Foundation with our mission.
- Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
- If you name Central Catholic High School Foundation in your plans, please use our legal name and federal tax ID.
About Central Catholic
Faithful to our Catholic Tradition, our mission is to witness to the Gospel while building an educational community that inspires the spiritual, academic and social development of young adults.
Central Catholic Students Are:
Academically-Prepared
Spiritually-Developed
Socially-Responsible
Globally-Conscious
Central Catholic Students Are:
Academically-Prepared
Spiritually-Developed
Socially-Responsible
Globally-Conscious
