Why should I make
a Planned Gift?
Making a gift of this variety
helps carry the message of Christ and His Gospel, and to sustain His work through All Saints’ Parish now and in the decades ahead by protecting against changing economic conditions, through a
perpetual fund of income
producing assets prudently managed.
What are MY advantages to making this kind of gift?
A planned gift made to All Saints’ Episcopal Church can reduce income taxes today, estate taxes in the future, and even provide income throughout your life. These tax deductions could be significant depending on individual circumstances. Gift planning establishes a way for a donor to provide for family members while remembering the church as well. It often enables the donor to provide more for his or her heirs and to make a larger gift than thought possible.
We do our part to help you.
While we cannot give tax or legal advice, we will provide eminently qualified attorneys, accountants, and appraisers through the Episcopal Church
Foundation. Just contact the Church Office and we can facilitate the call. We can also provide you copies of our endowment policy that spells out in specific terms how the funds will be prudently spent.
What are the ways you can make a planned gift?
A BEQUEST IN A WILL
Perhaps the easiest and the most common way of making a planned gift is through your will.
Why is making a will
so important?
Some 50 to 70% of all Americans die without one. If you die without a will, the state will divide your assets among your spouse and children (regardless of their age); appoint an administrator that may cost the estate large fees; and appoint guardians, who may or may not have been your choice, for your minor children. The state makes no charitable contributions, and it will ensure that your estate pays as much tax as
possible.
By making a will, you appoint your own administrator; you name the guardian of your minor children; you control applicable taxes; you can create a family or charitable trust; and you can share your resources with your family, church, or other institutions as you choose.
A bequest in a will can take the form of a set amount of money, a percentage of an estate, a specific asset, a trust, or the naming of a church-related organization as a contingent beneficiary.
LIFE INCOME GIFTS
Life Income Gifts provide you or your designated beneficiary an income for life in exchange for your gift. They can be established in several ways, the most common of which includes the Episcopal Church Foundation’s Pooled Income Fund, a Charitable Gift Annuity, and a Charitable Remainder Trust. The donor receives many of the following benefits:
A guaranteed income for life.
An immediate federal income tax deduction.
The elimination of capital gains taxes.
A possible reduction in estate taxes.
GIFTS OF REAL ESTATE, APPRECIATED PROPERTY, AND TANGIBLE PERSONAL PROPERTY
Real estate or securities can be the source of your
gift to the church. You can deed your home,
vacation home, farm, ranch, or condominium to the church and retain the right to live on the property and/or receive income from the property for as long as you live. You receive an income tax deduction when the property is deeded to the church and avoid any capital gains taxes when making the transfer. Gifts of appreciated real estate or securities allow you to avoid capital gains taxes. It is important to transfer the stock or real estate to the church prior to selling it.
GIFTS OF LIFE INSURANCE
Life insurance is another way to make a sizeable
gift to the church. You can purchase a new policy and make the church the owner and beneficiary of the policy. You can make the church the owner and beneficiary of an existing policy. Also, you can use life insurance in conjunction with another planned gift.
Please send me more information about the various means of making a planned gift to support my church.
QUESTIONS?
Call Shelley Dudley or Tony Ashton in the Church Office at 602-279-5539
Or visit www.EpiscopalGifts.org
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