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COMMUNITY
April 2, 2019 | The Valley Catholic
Life Insurance - A Simple Way to Leave a Legacy
By Carolina Scipioni
It is commonly understood that life
insurance provides for the financial
well-being of loved ones upon death.
Perhaps less obvious is the fact that this
same principle can be used to benefit
those organizations that we support
during our lives and that we would like
to continue to support in the future.
For Terry and Rick Giorgetti, using
a life insurance policy to support their
dearest organizations made all kinds
of sense.
Terry and Rick met in 1968 when
they were both students at Santa Clara
University. A few years later, they were
married and beginning what would
become a lifetime of service. The strong
values of a Jesuit education had helped
solidify what they were always taught
in their early years, “Our time, talents
and treasure,” Terry says, “are a gift
from God and we must find ways to
share them with others.” With this
guiding principle, the Giorgettis ac-
tively participated in the life of each
community that they have touched,
including Holy Family Parish.
Terry and Rick Giorgetti.
A few years ago, Terry and Rick
decided to go one step further in their
support of their parish by gifting a life
insurance policy to the Holy Family
Parish Endowment, held at The Catho-
lic Community Foundation. “Many
of us make donations of cash to the
organizations that we care about each
year,” Rick explains. “And, like Terry
and I, many of us wish that we could
do even more for them.”
By naming the Foundation as both
owner and beneficiary of Rick’s life
insurance policy, the Giorgettis will be
able to make a significant future gift to
the Holy Family Parish Endowment.
This act of generosity makes them a
member of the Society of Saint Joseph,
which is how the Diocese of San Jose
CCH153_CarDonateAd2_4.937x6in_PressQuality.pdf
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and the Foundation recognize people
who leave a legacy to the Church.
Life insurance can be gifted to any
parish, school or Catholic organization
in several different ways:
1. Give a New Policy. Make the
charity owner and beneficiary of
a new life insurance policy. You
can take a charitable deduction
for ongoing premium payments
as you make them.
2. Give an Existing Policy. If you
have an existing life insurance
policy you no longer need,
you can change the owner
and beneficiary to a charity.
You will receive a charitable
tax deduction for the value of
the policy, plus a charitable
deduction for any additional
premiums you pay.
3. Name a Charity as a Beneficiary.
Simply name the charity as the
beneficiary of a life insurance
policy that you continue to own
and pay for. While you can’t
take a charitable deduction
for premiums you pay, the
proceeds directed to charity can
provide an estate tax deduction.
Gifting a life insurance policy is
very simple. “It doesn’t take an enor-
mous fortune to do what we did,” Rick
says. “In fact, when people start to
understand the simplicity and afford-
ability of this kind of planned gift, they
realize that almost anyone can do it.”
We thank Terry and Rick Giorgetti
and all the Society of Saint Joseph Found-
ing Members for their existing and future
contributions to our local Church.
If you want to learn more about how
you can use life insurance and other
assets to benefit a Catholic organiza-
tion, or have already made provisions
for the Church in your estate plans
and would like to become a member
of the Society of Saint Joseph, contact
Carolina Scipioni at (408) 995-5219 or
[email protected]. Learn more at
cfoscc.org/SocietyofSaintJoseph.
Carolina Scipioni, Endowment & Planned
Giving Program Manager for the Catholic Com-
munity Foundation of Santa Clara County.
7:41 PM
Pope Explains Reluctant Ring Kiss:
Fear of Spreading Germs
Courtesy of Crux Magazine
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ROME – Pope Francis has set the
record straight about why he pulled
his hand away when throngs of people
lined up this week to kiss his ring: for
fear of spreading germs.
Vatican spokesman Alessandro
Gisotti said Thursday that Francis was
concerned about hygiene when, after
greeting dozens of well-wishers in a
lengthy receiving line Monday in Lo-
reto, he began pulling his hand away to
discourage people from kissing his ring.
Video of the incident went viral, with
conservative critics blasting what they
said was Francis’s “graceless” disrespect
for the tradition and the faithful who
wanted to honor it.
Gisotti said Thursday he had just
spoken to the pope about it, and Francis
replied that it was nothing of the sort.
“The Holy Father told me that the
motivation was very simple: hygiene,”
Gisotti told reporters. “He wants to
avoid the risk of contagion for the
people, not for him.”
The tradition of kissing the ring of a
bishop or pope goes back centuries, as
a sign of respect and obedience.
Sister Maria Concetta Esu, a Daughter of
St. Joseph, kisses the hand of Pope Francis
after the pontiff awarded her the Pro Eccle-
sia et Pontifice Cross on March 27. (CNS
photo/Vatican Media via Reuters)
Gisotti noted that Francis is more
than happy to receive the ring-kiss in
small groups, where the spread of germs
is more contained, as he did Wednesday
when a handful of people were lined
up at the end of his general audience to
greet him.
Several bent down to kiss his ring,
and Francis patiently allowed it.
“You all know that he has a great joy
in meeting and embracing people, and
being embraced by them,” Gisotti said.
Francis is known for gleefully em-
bracing babies given to him to kiss and
- germs be damned - sipping from mate
gourds offered to him by strangers when
he’s out and about on his popemobile.