A gift in a will or by beneficiary designation are two easy ways to support Capuchin missionaries — and they don’t cost anything now.
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact on the Seraphic Mass Association. By simply signing your name, you can create a legacy that supports Capuchin missionaries and brings hope to the people they serve.
Once you have provided for your loved ones, we hope you will consider making the Capuchin missionaries part of your life story through a legacy gift.
A gift in your will is one of the easiest ways to create your legacy. It offers the following benefits:
Costs you nothing now to give in this way.
You can alter your gift or change your mind at any time and for any reason.
Your gift will create your legacy of advancing the ministries of Capuchin missionaries around the globe – sharing the Good News of the Gospel and working to improve the lives of those they serve.
Four simple, “no-cost-now” ways to give in your will
Leaves a gift of a stated sum of money to the Seraphic Mass Association in your will or living trust.
Leaves what is left over after all other debts, taxes and other expenses have been paid.
Leaves a specific dollar amount, percentage, fraction or specific items (collections, art, books, jewelry, etc.).
Leaves a stated amount or share only if a spouse, family member or other heir/beneficiary does not live longer than you. In other words, your gift is contingent upon whether or not they survive after you.
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to the Seraphic Mass Association contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
By naming the Seraphic Mass Association as a beneficiary of these assets, you can power our missions for years to come and establish your personal legacy of bringing the Gospel message of Jesus Christ to those served by Capuchin missionaries around the world.
Potential benefits of gifts by beneficiary designation:
Reduce or eliminate taxes
Reduce or avoid probate fees
No cost to you now to give
Create your legacy with the Seraphic Mass Association
How to Change a Beneficiary Designation
- Login to your account or request a Change of Beneficiary Form from your custodian (the business holding your money or assets).
- Follow the links to change your beneficiary or fill out the form.
- Be sure to spell the name of our organization properly: Seraphic Mass Association, Inc.
- Include our tax identification number: 25-0974329
- Save or submit your information online or return your Change of Beneficiary Form to your account custodian or as directed.
Types of Gifts
A gift of retirement funds
You can name the Seraphic Mass Association as a beneficiary of your retirement plan to help Capuchin missionaries and support projects that improve the lives of the people they serve.
A gift of funds remaining in your bank accounts, brokerage accounts or certificate of deposit (CD)
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name the Seraphic Mass Association (Tax ID: 25-0974329) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward sharing the Good News of Jesus Christ in the missions.
Donor-Advised Fund (DAF) residuals
What remains in a donor-advised fund is governed by the contract you signed when you created your fund. When you name the Seraphic Mass Association as a “successor” of your account or a portion of your account value, you further your legacy of love for the missions by supporting Capuchin missionaries as they minister among God’s people, caring for their spiritual growth and daily sustenance.
If you have bonds that have stopped earning interest and you plan to redeem them, you might owe income tax on the appreciation. That could result in your heirs receiving only a fraction of the value of the bonds in which you invested. Since the Seraphic Mass Association is a tax-exempt institution, naming us as a beneficiary means that 100% of your gift will go toward advancing the work of Capuchin missionaries around the world.