A Powerful Way to Leave a Legacy
Did you know there are creative ways to support the Congregation of the Holy Rosary of Pompeii? Ways in which your parish, you, and your loved ones all benefit at the same time?
Giving through your estate plan or retirement plan is a way to support the Church with a significant gift that you might not be able to make with your income alone. Your gift becomes a legacy of support that builds our long-term financial strength. You can help transform lives by bringing faith, hope, and love to God’s people for generations to come.
Financial advisors call these creative techniques “planned gifts,” because with thoughtful planning, you create win-win solutions for you and the Holy Rosary.
IRA Qualified Charitable Distributions
You can satisfy all or part of your annual Required Minimum Distribution from your IRA by making a gift to the Congregation of the Holy Rosary of Pompeii.
How to donate an IRA gift to Holy Rosary*:
- You must be 70 1/2 or older at the time of distribution and hold a traditional IRA.
- Contact your IRA administrator to make your distribution.
- Distributions must be made payable to the Congregation of the Holy Rosary of Pompeii and come to this address : 2224 45th St., Kenosha, WI 53140.
- Distributions are limited to $100,000 per individual per year.
- The transfer must be completed by December 31 to count towards the year’s Required Minimum Distribution.
*Always confirm with your IRA administrator the current year's guidelines for distribution.
IRA-QualifiedCharitableDistributionFormHR2025.pdf
Wills
You've heard it before: “You should have a will.” Perhaps you’re procrastinating, or you don’t realize how crucial estate planning is for protecting your family’s future and advancing the Church's good works.
Consider these points:
- Without a carefully drafted will and estate plan, state law will determine the distribution of your property. A will is one way for you to control who will receive your property when you die.
- A skillfully drafted will and estate plan can minimize your taxes and other costs payable upon your death.
- Your will allows you to select the persons you want to serve as guardians of your children. Otherwise, the court will appoint a guardian who may not share your personal values.
- You will also be allowed to name the person who will administer your estate.
- Through your will, you can leave a lasting legacy by making a gift to one or more of your favorite charities.
Every adult, regardless of age or net worth, needs a will drafted by an attorney and kept up to date. But, you also need a coordinated estate plan because a will disposes of only your probate estate, not other assets that you own, which pass by law or by beneficiary designation at your death, such as life insurance, retirement plans, employee death benefits, and jointly owned property.
Sample Gift Language For Your Will
Retirement Plan Gifts
You can donate taxable retirement assets to us. The Church is a tax-exempt organization that will not have to pay income tax on distributions, whereas your heirs would have to pay income tax on these assets. Using your retirement plan’s beneficiary designation form to direct the remaining balance in your retirement plan to Holy Rosary makes a tax-wise gift as the value of the retirement plan assets generates a charitable deduction. In addition, charitable organizations are not required to pay income tax on future distributions from the plan.
Gifts of Retirement Plan Assets
Gifts of Life Insurance
Designate the Congregation of the Holy Rosary of Pompeii as a beneficiary. Most of us think of life insurance as protection, especially for our loved ones. But it is also an excellent tool for making charitable gifts you can use to champion the good works of the Church. For a fraction of the death proceeds paid during your lifetime, you could leave a very substantial gift to charity upon death.
When the original purpose for the protection no longer applies—such as to educate children now grown or to provide financial security for a spouse now deceased—your life insurance can be redirected to help support a worthwhile cause.
You can name the Church either as the sole beneficiary or a partial beneficiary of your policy. You can name the Church as the contingent beneficiary, in which case we receive death benefits only if your primary beneficiary or beneficiaries precede you in death.
Estate Tax Advantages: When you name the Church as the beneficiary of your policy, the amount we receive results in a charitable deduction to your estate. You will not receive a charitable income tax benefit during your lifetime because you still own the policy.
Donor Advised Funds
One way to give is to create a donor-advised fund at an investment firm with charitable funds, such as Fidelity Charitable Gift Fund or Vanguard Charitable, or at a local community foundation.
A donor-advised fund is a separate fund that a foundation or investment agent administers. After you contribute assets to a donor-advised fund, the administrator of your fund gives you or other family members the right to recommend gifts be made from your fund to qualified charities. You can determine the frequency of charitable gifts, how much you would like to donate, and name the charities that will benefit from your gifts. Ensure that the investment agency or foundation administering your fund has granting policies and objectives that align with your charitable intent, and that the charities you wish to support are qualified.
If you already have a donor-advised fund, you can make a gift to the Congregation of the Holy Rosary of Pompeii using assets already designated for charity.
You may have the option to leave the charitable fund assets to a qualified charity when your fund terminates or you are no longer making gifts from the fund. Please consider adding the Congregation of the Holy Rosary of Pompeii as an account beneficiary in this case.
If you are considering creating a donor-advised fund that will benefit Holy Rosary, please let us know. Discussing your charitable intentions with us will ensure that your gift accomplishes your intended goals.
Legal Info
All documents regarding gifts are required to use the legal name and address of the organization. In the case of gifts to the Holy Rosary, the following information is provided:
Legal Name: Congregation of the Holy Rosary of Pompeii, Kenosha
Legal Address: 2224 45th St, Kenosha, WI 53140
Tax Identification Number: 39-0863293
Date of Incorporation: September 9, 1904
Contact: Shelley Bennett at 262-652-2771 ext. 3214 or This email address is being protected from spambots. You need JavaScript enabled to view it.
If you have included Holy Rosary in your estate plan, please let us know. We want to say thank you!
The material presented on this website is not offered as legal or tax advice.
