Leave a Legacy of Lasting Impact – Become a co-missionary with the Missionary Oblates
Our benefactors make King’s House a better place through the gifts of their prayers, their time, their lives, and their generosity. They become co-missionaries with the Missionary Oblates of Mary Immaculate by helping us spread the Gospel message of Jesus Christ to bring the Good News to the poor.
Our ministry here at King’s House has always been to be a place of retreat, refuge from the world, a place of peace, where one can connect, or reconnect, one’s relationship with the Lord. Many who have come here are the poor, in a sense, and their lives become richer in their renewed relationship with the Lord Jesus Christ.
Through the Office of Charitable and Planned Giving of the Missionary Oblates of Mary Immaculate, these Legacy options are available to support our ministry:
Wills and Bequests
A gift via Will or bequest is an ideal way to ensure that you and your family’s needs are taken care of during your lifetime while benefiting a valued charity such as Oblate Shrines & Renewal Centers (our legal title) after your passing. The following suggested language may be discussed with your legal counsel while developing our Will or trust.
Unrestricted Bequest
“I give and bequeath to Oblate Shrines and Renewal Centers, d.b.a. Christ the King Retreat Center, Federal Tax ID #52-2133730, (please insert dollar figure or estate percentage), for the use and benefit of the mission and general purposes of the Oblate Shrines and Renewal Centers.”
For information on other types of bequests contact us for a confidential discussion.
Beneficiary Designations
You can benefit the Missionary Oblates work by designating Oblate Shrines and Renewal Centers as a beneficiary on your IRA, bank account, certificate of deposit, life insurance policy or your brokerage account by listing the following on your institution’s or IRA custodian’s beneficiary form:
Oblate Shrines and Renewal Centers d.b.a. Christ the King Retreat Center
Federal Tax ID #52-2133730
621 First Ave S
Buffalo, MN 55313
Charitable IRA Gifts
If you are 70-1/2 or older, you may make Qualified Charitable Distributions (QCDs) from your Individual Retirement Account (IRA). The maximum annual amount that can qualify for a QCD is $100,000. This applies to the sum of QCDs made to one or more charities in a calendar year. Your spouse can also make a QCD from his or her own IRA within the same tax year for up to $100,000.
For a QCD to count toward your current year’s Required Minimum Distribution, the funds must come out of your IRA by your annual distribution deadline, generally December 31. A QCD does not qualify for a charitable deduction (if you itemize on your federal return) nor does it count as taxable income in the tax year when you execute the gift.
To make a QCD gift from your IRA, please inform your IRA custodian that you intend to make a Qualified Charitable Deduction directly to Oblate Shrines and Renewal Centers d.b.a. Christ the King Retreat Center, Federal Tax ID #52-2133730. The check should be made payable to Oblate Shrines and Renewal Centers and be sent DIRECTLY from your IRA custodian. Failure to send the check directly from your IRA custodian to a charitable organization could result in a taxable event.
Please request that your IRA custodian include a cover letter or note identifying you as the donor and provide your mailing address so we may promptly acknowledge your gift.
Donor-Advised Funds (DAFs)
A donor-advised fund is a simple, flexible and tax-advantaged way you can make charitable donations, so you can make the biggest impact. You can quickly and easily designate a grant from your donor-advised fund to the Oblate Shrines and Renewal Centers, d.b.a. Christ the King Retreat Center, through your financial institution (such as Fidelity Charitable or Schwab Charitable). You can locate our organization by using our Federal Tax ID #52-2133730.
Stock Gifts
If you hold long-term (purchased more than one year ago) publicly traded securities, you may be able to benefit the Oblate Shrines and Renewal Centers, while avoiding capital gains tax and obtaining a potential federal charitable tax deduction (if you itemize) on the fully appreciated value of your stock.