Explore Your Options

Bequest

A bequest is a simple and meaningful way to support St. Albert the Great Newman Center. By including a gift in your will or trust, you can make a lasting impact on the formation of Aggie Catholic students and help carry forward our mission for years to come.

Beneficiary Designation

Naming St. Albert’s as the beneficiary of a retirement account or life insurance policy is an easy, cost-effective way to support our ministry.

Retirement accounts often come with significant tax burdens for heirs, but as a 501(c)(3) charitable organization, St. Albert’s can receive these assets tax-free. That means your legacy can fully benefit the students and ministries that matter most to you.

How It Works

You can name St. Albert the Great Newman Center as the beneficiary of a life insurance policy, IRA, donor-advised fund, or other retirement, investment, or bank account. Just request a new beneficiary designation form from your financial advisor, banker, or insurance provider, complete it, and return it to them.

You retain full access and control over your account during your lifetime, with the flexibility to make changes or add beneficiaries at any time. You can also choose to designate either the full balance or a portion of your account. If you decide to include St. Albert’s in your plans, we encourage you to notify us so we can ensure your gift supports the programs and ministries most meaningful to you.

Benefits of a Beneficiary Designation Gift

• You maintain full control and use of your account throughout your lifetime.

• No legal fees are required to make this type of gift.

• You may reduce the tax burden on your loved ones and potentially qualify for an estate tax charitable deduction.

• Your gift remains flexible—you can update it anytime as your needs or circumstances change.

• Most importantly, you help advance the mission of St. Albert the Great Newman Center and support the faith formation of future generations.

IRA Rollover

Giving through an IRA charitable rollover is a simple and increasingly popular way to support the work of St. Albert the Great Newman Center using your retirement assets. If you are age 70½ or older, this method can offer meaningful tax advantages while making an immediate difference in our ministry.

What is an IRA charitable rollover?

An IRA charitable rollover allows individuals aged 70½ and above to transfer funds directly from their IRA to a qualified public charity, such as St. Albert’s. This provision enables many donors to contribute up to $100,000 per year in a tax-efficient way.

What are the benefits of giving this way?

Once you reach age 73, the IRS requires you to take minimum distributions from your IRA each year. A charitable rollover gift can count toward this requirement while allowing you to avoid paying income tax on the transferred amount. Since your gift is put to use right away, you also have the satisfaction of seeing your generosity support the faith life and formation of Aggie Catholics now.

Donor Advised Funds

Donor-advised funds are one of the most popular charitable giving vehicles in the United States because they are one of the easiest and most tax-advantageous ways to give.

If you already have a donor-advised fund (DAF), you can direct funds from your account to St. Mary’s.

What is a donor-advised fund?

A DAF is often referred to as a personal charitable savings account. A donor creates an account with a sponsoring organization, which can be a nonprofit or an investment company. The donor then makes a contribution of cash, stock, or other assets, and can take an immediate tax deduction for the gift. An adviser manages and invests the assets and works with the donor to identify charitable causes they wish to support.

Charitable Gift Annuities

A charitable gift annuity is a unique way to support St. Albert the Great Newman Center while securing fixed lifetime income for yourself or a loved one. It’s a solution that meets both your financial and charitable goals.

How It Works

A charitable gift annuity is a simple agreement between you and our trusted financial institution. With a minimum gift of $10,000 in cash or securities, you or another designated individual (age 50 or older) will receive fixed payments for life.

Once the lifetime payments have ended, the remaining funds from the annuity go to support the mission and ministries of St. Albert’s. The amount of the payments is determined by the recipient’s age at the time the annuity is established.

You also have the option to defer payments to a future date, allowing for greater income later in life through a deferred gift annuity.

Assets You Can Give

• Cash

• Real Estate

• Appreciated Securities

• Retirement Assets

• Life Insurance