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When you write or revise your will and estate plans, please consider
a bequest to the Missionary Franciscan Sisters. You can donate a
percentage of your estate, or give a specific amount, or bequest a
part of or the entirety of the residue of your estate after other
beneficiaries have been provided for. Below are examples of
language that you and your attorney might include in your will:
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I give the following sums indicated:
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To the Missionary Franciscan Sisters of the Immaculate Conception, 790
Centre Street, Newton, Massachusetts 02458, the sum of
$________dollars to be used for its general purposes.
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OR
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I give, devise, or bequeath the rest, residue or remainder of my
estate, whether real or personal, as follows:
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(state percentage) to the Missionary Franciscan Sisters of the
Immaculate Conception, 790 Centre Street, Newton, Massachusetts 02458,
for its general purposes.
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Once you have provided for your family and for the loved ones in
your life, we hope that you will consider leaving a bequest to the
Missionary Franciscan Sisters. Your gift will help ensure that the
Sisters will be able to continue their missions and ministries, and
that they will be cared for during their retirement years.
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To learn more about how to remember the Missionary Franciscan
Sisters in your estate plan and become a member of the Society of
St. Clare, please contact the Development Office at (617) 527-1004
or via email at
development@mficusa.org.
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If you have already provided for the Missionary Franciscan Sisters in
your estate plan, could you please let us know so that we can thank
you and include you in the Society of St. Clare.
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Appreciated Securities/ Stock
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Do you have appreciated stocks in a
brokerage account or in certificate form? A gift of stock that has
grown in value will provide support for the Missionary Franciscan
Sisters at the full market value and with no capital gains tax paid
by the donor. Donors can take a charitable deduction on their
federal income tax for the market value of the securities at the
time of stock transfer. If you would like specific information about
transferring securities, please call
(617) 527-1004.
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Independent Retirement Accounts (IRAs)
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The value of many estates can incur federal, and possibly state,
estate taxes as qualified retirement plans accumulate. Designating a
percentage of assets from the plan to the Missionary Franciscan
Sisters can minimize the taxes due on retirement plan assets.
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Charitable Remainder Trust
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A charitable remainder trust can be established with cash,
appreciated securities, real estate or other marketable assets and
managed by a trustee. With this trust, a charitable remainder trust
provides income until your death (or the death of a beneficiary), or
for a specified term of years. When the trust expires, the principal
becomes available to the Missionary Franciscan Sisters.
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Charitable Gift Annuity
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When you make a gift of a charitable gift
annuity to the Missionary Franciscan Sisters, the sisters reinvest
the assets and guarantees to pay you a fixed income for life (and if
desired, for another beneficiary's lifetime). Upon the death of the
last beneficiary, the principal is available to the Missionary
Franciscan Sisters. The tax advantages include charitable deduction,
income tax savings and estate tax savings.
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Real Estate
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Real estate is an ideal asset for many
methods of charitable giving because it appreciates at a higher rate
of inflation. Depending on the giving method, you can benefit from
income tax savings, capital gains tax savings, or estate and gift
tax savings, while also possibly increasing your annual income.
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Gifts in Kind
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The Missionary Franciscan Sisters may accept in-kind gifts as
charitable contributions which are donations of property other than
cash and securities. Such items could include furnishings,
computers, books, works of art, etc.
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Life Insurance
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You can name the Missionary Franciscan
Sisters the beneficiary (or co-beneficiary) on an existing life
insurance policy. In the event of your death, the Missionary
Franciscan Sisters receive the proceeds of the policy as a bequest,
generating federal estate tax benefits. If you also make the sisters
owners of the policy and relinquish all incidents of ownership, you
can claim an income tax deduction for the cash surrender value.
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Coming Soon!
- St. Clare’s
Gatherings
- Former
Members Event
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Contact Information:
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Margaret Geckle
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Director of Development
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Missionary Franciscan Sisters
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790 Centre Street,
Newton, MA 02458-2530
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Phone: 617-527-1004
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Development@mficusa.org
Elizabeth Hayes Grant Fund
On the centennial of the death of
their foundress, Mother Mary Ignatius (born Elizabeth Hayes), the
Missionary Franciscan Sisters established the Elizabeth Hayes Grant Fund
in 1994. The fund was established to carry on her dream of helping
the materially poor, and it forwards the community’s call to be
sensitive to the current problems of justice, peace, and development of
underprivileged people. Grants are awarded every year to a wide
range of programs which serve the poor in a variety of geographic areas.
2007 ELIZABETH
HAYES GRANT RECIPIENT
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It is
with great pride and honor to inform you that the decision was made
this year to let go of all our personal projects and needs in our
various ministries to help those still without homes in the New
Orleans area due to Hurricane Katrina. This decision meant that the
total amount of $25,000 was given, through LCWR, to this project for
the year 2007.
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As
members of the LCWR, we are, along with other religious communities
across this country, making a concerted effort to reach out to those
whose lives are still shattered and are in need of assistance.
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As Pope
John Paul II once said, “Nothing surpasses the greatness or dignity
of a human person. Human life is not just an idea or an
abstraction. Human life is the concrete reality of a being that is
capable of love and of service to humanity.”
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Vocations
Young women are in various stages
of formation, dedicating their lives to Christ and carrying on the
traditions of a community that has endured for more than 130 years.
These Sisters are involved in different ministries and are furthering
their educations.
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Retired Religious
Many retired Sisters continue to
engage in a variety of ministries. Throughout retirement Sisters
continue to live in the spirit of Saints Francis and Clare through
contemplative prayer. Sisters in our retirement convents and
infirmary and those living with younger sisters all continue to be an
active part of our community.
School
Memories
Sisters and students have fond memories of their school years. If
you would like to add your photo or memory to our website and our
historical archives, please email us at
development@mficusa.org. If your school is not currently
listed, email us and be the first to contribute a memory to our
website!
Belle Prairie Academy, Belle Prairie, MN
Blessed Sacrament, Seminole, FL
Immaculate Conception, Augusta, GA
Italian Home for Children, Jamaica Plain, MA
King of Peace, Philadelphia, PA
Mount Alvernia Academy, Chestnut Hill, MA
Mount Alvernia High School, Newton, MA
Mount Carmel, East Boston, MA
Mount Carmel, Yonkers, NY
Our Lady of Loreto, Brooklyn, NY
Our Lady of Mount Carmel, Tenafly, NJ
Our Lady of Peace, Brooklyn, NY
Our Lady of Pity, Bronx, NY
Our Lady of Pompei, Syracuse, NY
Our Lady of Pompeii, Chicago, IL
Pius X, Savannah, GA
Regina Pacis (St. Rosalie), Brooklyn, NY
Sacred Heart School, Alexandria, Egypt
St. Andrew, Brainerd, MN
St. Anthony, Boston, MA
St. Anthony, Chester, PA
St. Anthony, Rockford, IL
St. Benedict the Moor, Savannah, GA
St. Cecilia, Solvay, NY
St. Charles Borromeo, Syracuse, NY
St. Clare, Roslindale, MA
St. Francis Academy, Union City, NJ
St. Francis, Cambridge, MA
St. Mary, Savannah, GA
St. Mary of the Eternal, Philadelphia, PA
St. Mary of the Hills, Milton, MA
St. Michael, Tybee Island, GA
St. Peter, Pittsburgh, PA
Sts. Simon & Jude, Pittsburgh, PA
St. Therese, Cresskill, NJ
St. Thomas Aquinas, Binghamton, NY
