Bequest Language or Codicil
Here is a sample bequest provision which can be used by your attorney in drafting your will:
“I/We give to the Saint Noel Endowment Fund, Inc., 35200 Chardon Road, Willoughby Hills, Ohio 44094, Tax Identification number #34-1835485, the sum of $______________or ___________% of my residuary estate.”
How to make a gift of Appreciated Stocks or Bonds
St. Noel and the Endowment Fund partner with the Diocese of Cleveland when you make a gift of highly appreciated securities to the Fund. The sale is handled through an account set up by the Diocese at UBS Financial Securities. Proceeds from the sale are sent by check to the St. Noel Endowment Fund. Other than a brokerage commission, there are no other costs or fees charged. If you would like to make a gift:
- Contact the St. Noel Parish Office at (440) 946-0887 to advise of the gift and to obtain the Fund’s Tax Identification Number. Provide the office with the details of the transaction, that is, name of the stock (or bond), number of shares, and the broker or investment firm that will be completing the paperwork.
- You or your broker should contact Judy Cackowski at the Finance Office of the Diocese at (216) 696-6525 with the details of the gift. Request that proceeds from the sale of the stock (or bond) be sent to:
The Saint Noel Endowment Fund
c/o St. Noel Church
35200 Chardon Road
Willoughby Hills, OH 44094
Attention: Gina Luberger, Office Manager
- Provide your broker or investment firm with the following information:
Account is with: UBS Financial Services, Inc.
Name on Account: Catholic Diocese of Cleveland
Account Number: XJ07037
DTC Number: 0221
Contact Person: Melissa Run (440) 673-1074
Mike Redinger (440) 673-1074
Note: Do not sell appreciated stock before making a gift of the proceeds to Saint Noel. Doing this will generate a capital gains tax and will negate the full deductibility of the value of the appreciated stock. However, if you wish to donate the proceeds of stock owned at a loss, sell it, claim the loss on your tax return and then donate the proceeds to the Endowment Fund. If you have any questions regarding this, please contact your tax advisor.
If you have questions or would like to notify us of your intentions to include St. Noel as part of your estate plan, we would like to add you to those who support the mission of St. Noel. Please call the parish office at 440-946-0887, or speak with an endowment board member.
Your wishes for confidentiality will be honored or, if you wish, you can be recognized as a donor of the “50-Wills” campaign.
Thank you for your consideration.