We would be happy to welcome you into The Ursuline Sisters of Cleveland's Merici Society when you make a planned gift to the Ursuline Sisters. 

Planned giving allows you to plan now to leave a valuable legacy. 

(Legal title: Ursuline Academy of Cleveland  EIN#34-0832279)   

Wills and Bequests

The most common way to make a planned gift is through a will or bequest. By naming The Ursuline Sisters of Cleveland in your will and making a bequest, you can significantly reduce the tax burden of your estate. 

Life Income Plans

Through life income plans you can make a gift to the Ursuline Sisters of Cleveland that will return income to you, offering substantial tax benefits and increasing cash flow.

Charitable Gift Annuities

In exchange for a transfer of cash, marketable securities, or in some cases, real estate, The Ursuline Sisters of Cleveland contractually agrees to pay a fixed sum to you and/or another beneficiary for life. The payment rate depends on the age of the beneficiary — the older the beneficiary, the higher the payment rate.

You can claim a current charitable deduction for the portion of the transfer, which represents the charitable gift. Payments, which can be deferred if income is not needed immediately, are partially tax-free. The Ursuline Sisters of Cleveland receives the remaining principal at the death of the income beneficiary.

Charitable Remainder Trusts

Charitable remainder trusts allow financial and estate-planning flexibility. They are similar to other types of trusts, except that The Ursuline Sisters of Cleveland, the charitable beneficiary, receives the remainder interest. You entrust the property, specifying how trust income and the remainder interest will be distributed. A trust created during life takes advantage of income, capital gains, and estate-tax savings. A trust effective at the end of the donor's life is especially useful for accepting retirement-fund assets. 

Retirement Plans

Retirement plans are often subject to both income and estate taxes upon the death of a participant. By naming The Ursuline Sisters of Cleveland as a beneficiary of the balance of qualified retirement plans, your estate can achieve substantial tax savings. 

Life Insurance

Many people own some form of life insurance because of its unique ability to meet a variety of needs for financial protection. By naming The Ursuline Sisters of Cleveland as a primary or secondary beneficiary of a life insurance policy, your estate will be allowed an estate-tax charitable deduction.

If you have already made a Legacy Gift to the Ursuline Sisters of Cleveland, please let us know. We would be honored to recognize you as a member of our Merici Society. Consider sharing this good news with us by completing a confidential statement of intent. If you prefer your gift to remain anonymous, please be assured your wishes will be respected.

Steps in making a legacy gift to the Ursuline Sisters of Cleveland

1) We recommend you consult with your attorney and/or tax advisor. They can help you determine which type of estate gift is right for you, including special tax advantages to you and any living beneficiaries.

2) Update your will to include The Ursuline Sisters of Cleveland as a beneficiary.

3) Complete the Ursuline Sisters of Cleveland Legacy Form and mail to the Ursuline Sisters of Cleveland, Attention Sue Angell, 6085 Parkland Blvd, Suite 175, Mayfield Heights, OH  44124.

 For more information, contact the Associate Director of Development, Sue Angell, @ (440) 229-5603. 

(Legal title: Ursuline Academy of Cleveland  EIN#34-0832279)   

The services of The Ursuline Sisters Development Office are not intended as legal or financial advice. Please consult your personal advisers for the applicability of this information to your own situation.